Government Spending in Belgium decreased to 22682 EUR Million in the second quarter of 2020 from 24832 EUR Million in the first quarter of 2020.

Government Spending in Belgium averaged 18085.49 EUR Million from 1980 until 2020, reaching an all time high of 25634 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 October of 2020.

Government Spending in Belgium is expected to be 25011.00 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 25744.00 in 12 months time. In the long-term, the Belgium Government Spending is projected to trend around 25475.00 EUR Million in 2021 and 26036.00 EUR Million in 2022, according to our econometric models.

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Belgium Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
22682.00 24832.00 25634.00 9857.00 1980 - 2020 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 22682.00 24832.00 25634.00 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 649798.00 582411.00 649798.00 310141.00 EUR Million [+]
Fiscal Expenditure 235976.40 228976.10 235976.40 110858.20 EUR Million [+]
Military Expenditure 4614.00 4485.00 8625.00 2007.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 1070.00 710.00 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.