Government Spending in Bulgaria increased to 2107.41 BGN Million in the second quarter of 2020 from 2028.36 BGN Million in the first quarter of 2020.

Government Spending in Bulgaria averaged 1607.36 BGN Million from 1999 until 2020, reaching an all time high of 2687.94 BGN Million in the fourth quarter of 2019 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 October of 2020.

Government Spending in Bulgaria is expected to be 1997.00 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 2274.00 in 12 months time. In the long-term, the Bulgaria Government Spending is projected to trend around 2661.00 BGN Million in 2021 and 2746.00 BGN Million in 2022, according to our econometric models.

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Bulgaria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2107.41 2028.36 2687.94 1066.44 1999 - 2020 BGN Million Quarterly
Constant Prices 2010, NSA

Bulgaria Government Last Previous Highest Lowest Unit
Government Debt to GDP 20.70 20.70 77.60 13.20 percent [+]
Government Budget 2.10 2.00 2.10 -5.50 percent of GDP [+]
Government Budget Value -11.60 151.19 3959.03 -2831.81 BGN Million [+]
Government Spending to GDP 36.30 34.80 43.20 30.60 percent [+]
Government Debt 24295.90 24266.10 26881.40 9234.80 BGN Million [+]
Credit Rating 60.00 [+]
Military Expenditure 1015.00 824.00 3776.00 609.00 USD Million [+]
Government Revenues 3328.22 3519.73 3950.09 1274.30 BGN Million [+]
Government Spending 2107.41 2028.36 2687.94 1066.44 BGN Million [+]
Fiscal Expenditure 3280.76 3394.69 5091.71 1371.42 BGN Million [+]
Asylum Applications 405.00 250.00 3530.00 25.00 persons [+]

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.