Government Spending in Belgium increased to 25718 EUR Million in the fourth quarter of 2019 from 25429 EUR Million in the third quarter of 2019.

Government Spending in Belgium averaged 18159.48 EUR Million from 1980 until 2019, reaching an all time high of 25718 EUR Million in the fourth quarter of 2019 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 May of 2020.

Government Spending in Belgium is expected to be 24233.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Belgium to stand at 26284.00 in 12 months time. In the long-term, the Belgium Government Spending is projected to trend around 25559.00 EUR Million in 2021 and 26121.00 EUR Million in 2022, according to our econometric models.

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Belgium Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
25718.00 25429.00 25718.00 9857.00 1980 - 2019 EUR Million Quarterly
Constant Prices 2016, SA

Belgium Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.60 99.80 133.10 74.10 percent [+]
Government Budget -1.90 -0.80 0.20 -5.40 percent of GDP [+]
Government Budget Value -3402.00 -3159.00 779.00 -18817.00 EUR Million [+]
Government Spending 25718.00 25429.00 25718.00 9857.00 EUR Million [+]
Government Spending to GDP 52.20 52.20 64.00 48.60 percent [+]
Government Revenues 232880.00 224454.00 232880.00 12733.00 EUR Million [+]
Government Debt 575449.00 603095.00 603095.00 310141.00 EUR Million [+]
Fiscal Expenditure 235976.40 228976.10 235976.40 110858.20 EUR Million [+]
Credit Rating 86.00 [+]
Military Expenditure 4614.00 4485.00 8625.00 2007.00 USD Million [+]
Asylum Applications 2070.00 2480.00 6360.00 725.00 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.