Wednesday, March 20, 2019

Highest proportion of government expenditure goes to social protection and health

In 2017, total government expenditure in the European Union (EU) amounted to 45.8% of gross domestic product (GDP). This share has steadily decreased since 2012, when it stood at 48.9% of GDP. Social protection represented the most important area of general government expenditure in 2017 in all EU Member States. The ratio of government social protection expenditure to GDP varied across EU Member States from less than 10% in Ireland (9.5%) to nearly a quarter in Finland (24.9%). Six Member States – Finland, France, Denmark, Italy, Austria and Sweden - devoted at least 20% of GDP to social protection, while Ireland, Lithuania, Malta, Latvia, Romania, Czechia and Bulgaria each spent less than 13% of GDP on social protection. Read More