Government Spending in Vietnam increased to 422452 VND Billion in 2020 from 390050.63 VND Billion in 2019. source: General Statistics Office of Vietnam

Government Spending in Vietnam averaged 120047.52 VND Billion from 1990 until 2020, reaching an all time high of 422452 VND Billion in 2020 and a record low of 3164 VND Billion in 1990. This page provides - Vietnam Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Vietnam is expected to reach 449911.00 VND Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Government Spending is projected to trend around 479156.00 VND Billion in 2022 and 507426.00 VND Billion in 2023, according to our econometric models.

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Vietnam Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
422452.00 390050.63 422452.00 3164.00 1990 - 2020 VND Billion Yearly
Constant Prices, NSA

Vietnam Government Last Previous Highest Lowest Unit
Government Debt to GDP 46.70 43.50 47.60 24.80 percent of GDP [+]
Government Budget -5.80 -4.40 1.20 -9.90 percent of GDP [+]
Government Budget Value -280105.00 -203441.00 13000.00 -280105.00 VND Billion [+]
Government Spending 422452.00 390050.63 422452.00 3164.00 VND Billion [+]
Government Revenues 1507845.00 1551074.00 1551074.00 19.00 VND Billion [+]
Fiscal Expenditure 1787950.00 1754515.00 1787950.00 35.00 VND Billion [+]
Credit Rating 43.00 [+]
Military Expenditure 5603.00 5202.00 5603.00 710.80 USD Million [+]

Vietnam Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.