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Austria Government expenditure

hulk12303 Oct 2022 Others

The government expenditure in Austria was $229 billion in 2021. Between 2018 and 2021, the government expenditure was highest in 2021 at $229 billion and lowest in 2018 at $214 billion. The government expenditure increased by 6.4% on a YoY basis in 2021 and increased by 3.6% between 2018 and 2021.  The government’s expenditure increased mainly to mitigate the impact of the COVID-19 pandemic on the Austrian economy resulting in a widening of net government borrowing in 2020. The government expenditure increased by 6.4% in 2021, on the other hand, revenue collections increased by 8.5% with the resumption of business activities in 2021, resulting in a narrowing of net borrowing. Government spending refers to the general government sector, which is a consolidation of accounts for the central, state, and local governments plus social security. Total outlays are defined as current outlays plus capital outlays.  Government expenditure is the total amount of public sector expenditure at any level, including central government, local government, etc. It is split into the following segments: defense, education, social protection, healthcare, and others.  

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