Government Spending in Belgium increased to 26441 EUR Million in the first quarter of 2021 from 25117 EUR Million in the fourth quarter of 2020. source: National Bank of Belgium

Government Spending in Belgium averaged 18224.75 EUR Million from 1980 until 2021, reaching an all time high of 26441 EUR Million in the first 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 August of 2021.

Government Spending in Belgium is expected to be 25517.00 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 26197.00 in 12 months time. In the long-term, the Belgium Government Spending is projected to trend around 26905.00 EUR Million in 2022 and 27497.00 EUR Million in 2023, according to our econometric models.

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Belgium Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
26441.00 25117.00 26441.00 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 -9279.00 -3655.00 779.00 -18817.00 EUR Million [+]
Government Spending 26441.00 25117.00 26441.00 9857.00 EUR Million [+]
Government Spending to GDP 60.00 52.10 64.00 48.60 percent of GDP [+]
Government Revenues 238598.20 236500.10 238598.20 12733.00 EUR Million [+]
Government Debt 643789.00 646799.00 649798.00 310141.00 EUR Million [+]
Fiscal Expenditure 247877.30 240154.80 247877.30 110858.20 EUR Million [+]
Military Expenditure 5330.00 4761.00 8909.00 2074.00 USD Million [+]
Credit Rating 86.00 [+]
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.