The Analysis of Government Expenditures in the European Union
Florica Mioara Serban
Technical University of Cluj-Napoca, Department of Electrical Machines and Drives (Romania)
Carmen- Elena Stoenoiu
Technical University of Cluj-Napoca, Department of Electrical Machines and Drives (Romania)
Ciprian Cristea
Technical University of Cluj-Napoca, Department of Electrical Machines and Drives (Romania)
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 28References
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Authors
Florica Mioara SerbanTechnical University of Cluj-Napoca, Department of Electrical Machines and Drives Romania
Authors
Carmen- Elena StoenoiuTechnical University of Cluj-Napoca, Department of Electrical Machines and Drives Romania
Authors
Ciprian CristeaTechnical University of Cluj-Napoca, Department of Electrical Machines and Drives Romania
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