Government Spending in Belgium increased to 27224 EUR Million in the second quarter of 2021 from 26302 EUR Million in the first quarter of 2021. source: National Bank of Belgium

Government Spending in Belgium averaged 18284.13 EUR Million from 1980 until 2021, reaching an all time high of 27224 EUR Million in the second quarter of 2021 and a record low of 9857 EUR Million in the first quarter of 1980. This page provides - Belgium Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Belgium is expected to be 26472.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Government Spending is projected to trend around 27973.00 EUR Million in 2022 and 28589.00 EUR Million in 2023, according to our econometric models.

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Belgium Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
27224.00 26302.00 27224.00 9857.00 1980 - 2021 EUR Million Quarterly
Constant Prices 2016, SA

Belgium Government Last Previous Highest Lowest Unit
Government Debt to GDP 114.10 98.10 133.10 74.10 percent of GDP [+]
Government Budget -9.40 -1.90 0.20 -9.40 percent of GDP [+]
Government Budget Value -42318.10 -9079.30 779.00 -42318.10 EUR Million [+]
Government Spending 27224.00 26302.00 27224.00 9857.00 EUR Million [+]
Government Spending to GDP 60.00 52.10 64.00 48.60 percent of GDP [+]
Government Revenues 228251.20 239022.00 239022.00 12733.00 EUR Million [+]
Government Debt 643789.00 646708.00 649798.00 310141.00 EUR Million [+]
Fiscal Expenditure 270569.30 248101.30 270569.30 110858.20 EUR Million [+]
Credit Rating 86.00 [+]
Military Expenditure 5330.00 4761.00 8909.00 2074.00 USD Million [+]
Asylum Applications 1185.00 1135.00 6360.00 170.00 persons [+]

Belgium 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.