Government Spending in Belgium decreased to 25117 EUR Million in the fourth quarter of 2020 from 25676 EUR Million in the third quarter of 2020. source: National Bank of Belgium

Government Spending in Belgium averaged 18174.65 EUR Million from 1980 until 2020, reaching an all time high of 25676 EUR Million in the third quarter of 2020 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 April of 2021.

Government Spending in Belgium is expected to be 25064.00 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 26951.00 in 12 months time. In the long-term, the Belgium Government Spending is projected to trend around 27190.00 EUR Million in 2022 and 27788.00 EUR Million in 2023, according to our econometric models.

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Belgium Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
25117.00 25676.00 25676.00 9857.00 1980 - 2020 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 [+]
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 25117.00 25676.00 25676.00 9857.00 EUR Million [+]
Government Spending to GDP 52.20 52.20 64.00 48.60 percent [+]
Government Revenues 238598.20 236500.10 238598.20 12733.00 EUR Million [+]
Government Debt 646799.00 641163.00 649798.00 310141.00 EUR Million [+]
Fiscal Expenditure 247877.30 240154.80 247877.30 110858.20 EUR Million [+]
Military Expenditure 5003.00 4840.00 9260.00 2155.00 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.