Portugal Government Spending

Government Spending in Portugal increased to 10384.10 EUR Million in the third quarter of 2024 from 10351.60 EUR Million in the second quarter of 2024. Government Spending in Portugal averaged 9341.64 EUR Million from 1995 until 2024, reaching an all time high of 10384.10 EUR Million in the third quarter of 2024 and a record low of 7087.10 EUR Million in the first quarter of 1995. source: Statistics Portugal

Government Spending in Portugal is expected to be 10505.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Government Spending is projected to trend around 10761.00 EUR Million in 2026 and 10944.00 EUR Million in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Asylum Applications	195.00	160.00	persons	Oct 2024
Credit Rating	71.00			Jan 2025
Fiscal Expenditure	64269.00	57477.96	EUR Million	Nov 2024
Government Budget	1.20	-0.30	percent of GDP	Dec 2023
Budget Balance	-5690.30	-3790.34	EUR Million	Nov 2024
Government Debt	272171.00	276719.00	EUR Million	Sep 2024
Government Debt to GDP	99.10	112.40	percent of GDP	Dec 2023
Government Revenues	58578.70	53687.62	EUR Million	Nov 2024
Government Spending	10384.10	10351.60	EUR Million	Sep 2024
Government Spending to GDP	42.40	43.90	percent of GDP	Dec 2023
Holidays
Military Expenditure	4223.20	3566.60	USD Million	Dec 2023

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.