Government Spending in Bulgaria decreased to 2156.48 BGN Million in the first quarter of 2021 from 2808.72 BGN Million in the fourth quarter of 2020. source: National Statistical Institute, Bulgaria

Government Spending in Bulgaria averaged 1632.14 BGN Million from 1999 until 2021, 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 June of 2021.

Government Spending in Bulgaria is expected to be 2274.00 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 3019.00 in 12 months time. In the long-term, the Bulgaria Government Spending is projected to trend around 3047.00 BGN Million in 2022 and 3129.00 BGN Million in 2023, according to our econometric models.

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Bulgaria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2156.48 2808.72 2808.72 1066.44 1999 - 2021 BGN Million Quarterly
Constant Prices 2010, NSA

Bulgaria Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.40 23.50 77.60 13.20 percent of GDP [+]
Government Budget -3.40 2.10 2.10 -5.40 percent of GDP [+]
Government Budget Value 630.08 -718.07 3959.03 -3580.62 BGN Million [+]
Government Spending to GDP 42.90 36.30 43.70 30.40 percent of GDP [+]
Government Debt 29175.00 29208.30 29208.30 9234.80 BGN Million [+]
Credit Rating 61.00 [+]
Military Expenditure 1210.00 2159.00 3994.00 644.00 USD Million [+]
Government Revenues 4720.48 3564.52 4720.48 1274.30 BGN Million [+]
Government Spending 2156.48 2808.72 2808.72 1066.44 BGN Million [+]
Fiscal Expenditure 4103.67 4339.47 6978.87 1371.42 BGN Million [+]
Asylum Applications 270.00 230.00 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.