The Analysis of Government Expenditures in the European Union

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DOI

Florica Mioara Serban

Florica.Serban@emd.utcluj.ro

Carmen- Elena Stoenoiu

Carmen.Stoenoiu@emd.utcluj.ro

Ciprian Cristea

Ciprian.Cristea@emd.utcluj.ro

Abstract

This article analyses data on general government expenditure, at the level of the European Union (EU 28) according to the Classification of the Functions of Government – COFOG over the 2008-2017 period. Data shows that the expenditures increased at the beginning of the economic crisis in all EU countries, being followed by a slowdown in expenditures growth. All countries have adopted policies in order to reduce government expenditures towards the end of the period, aiming to increase their efficiency. Usually in high-income countries, compared with low-income countries, government expenditures are much larger as percent of gross domestic product (GDP), but the relations are not very strong though.

Keywords:

government expenditure, COFOG, Gross Domestic Product (GDP), EU 28

References

Article Details

Serban, F. M., Stoenoiu, C.-. E., & Cristea, C. (2020). The Analysis of Government Expenditures in the European Union. Problemy Ekorozwoju, 15(2), 153–162. https://doi.org/10.35784/pe.2020.2.15

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