Government Spending in Austria decreased to 18793.17 EUR Million in the second quarter of 2021 from 18977.44 EUR Million in the first quarter of 2021. source: Statistics Austria

Government Spending in Austria averaged 14098.12 EUR Million from 1988 until 2021, reaching an all time high of 19376.50 EUR Million in the fourth quarter of 2020 and a record low of 7710 EUR Million in the third quarter of 1988. This page provides - Austria Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Austria is expected to be 18499.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Government Spending is projected to trend around 20996.00 EUR Million in 2022 and 21290.00 EUR Million in 2023, according to our econometric models.

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Austria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
18793.17 18977.44 19376.50 7710.00 1988 - 2021 EUR Million Quarterly
Constant Prices, NSA

Austria Government Last Previous Highest Lowest Unit
Government Debt to GDP 83.90 70.50 84.90 56.10 percent of GDP [+]
Government Budget -8.90 0.60 0.60 -8.90 percent of GDP [+]
Government Budget Value -1163.00 -2406.00 5384.00 -7614.00 EUR Million [+]
Government Spending 18793.17 18977.44 19376.50 7710.00 EUR Million [+]
Government Spending to GDP 57.90 48.60 57.90 47.30 percent of GDP [+]
Government Revenues 7193.00 6274.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 8355.00 8681.00 72598.00 3970.00 EUR Million [+]
Military Expenditure 3494.00 3238.00 3605.00 1217.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 1465.00 1715.00 12015.00 305.00 persons [+]
Government Debt 315160.00 280340.00 315160.00 27002.00 EUR Million [+]

Austria 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.