Government Spending in Namibia decreased to 27927 NAD Million in 2018 from 28749 NAD Million in 2017. Government Spending in Namibia averaged 15377.79 NAD Million from 1980 until 2018, reaching an all time high of 28749 NAD Million in 2017 and a record low of 6120 NAD Million in 1980.
Government Spending in Namibia is expected to be 28892.75 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Government Spending is projected to trend around 29914.09 NAD Million in 2020, according to our econometric models.
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. This page provides - Namibia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Government Spending - actual data, historical chart and calendar of releases - was last updated on April of 2019.