Government Spending in Bulgaria increased to 2808.72 BGN Million in the fourth quarter of 2020 from 2061.71 BGN Million in the third quarter of 2020. source: National Statistical Institute, Bulgaria

Government Spending in Bulgaria averaged 1626.18 BGN Million from 1999 until 2020, reaching an all time high of 2808.72 BGN Million in the fourth quarter of 2020 and a record low of 1066.44 BGN Million in the first quarter of 1999. This page provides - Bulgaria Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Bulgaria is expected to be 1986.00 BGN Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Bulgaria to stand at 2148.00 in 12 months time. In the long-term, the Bulgaria Government Spending is projected to trend around 2239.00 BGN Million in 2022 and 2310.00 BGN Million in 2023, according to our econometric models.

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Bulgaria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2808.72 2061.71 2808.72 1066.44 1999 - 2020 BGN Million Quarterly
Constant Prices 2010, NSA

Bulgaria Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.50 23.20 77.60 13.20 percent [+]
Government Budget -3.40 2.10 2.10 -5.40 percent of GDP [+]
Government Budget Value -718.07 -576.57 3959.03 -3580.62 BGN Million [+]
Government Spending to GDP 36.30 34.80 43.20 30.60 percent [+]
Government Debt 29208.30 28935.20 29208.30 9234.80 BGN Million [+]
Asylum Applications 405.00 250.00 3530.00 25.00 persons [+]
Government Revenues 3564.52 3226.38 4305.69 1274.30 BGN Million [+]
Government Spending 2808.72 2061.71 2808.72 1066.44 BGN Million [+]
Fiscal Expenditure 4339.47 3763.00 6978.87 1371.42 BGN Million [+]
Credit Rating 61.00 [+]
Military Expenditure 2187.00 961.00 4083.00 659.00 USD Million [+]

Bulgaria 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.