Expenditure on 'environmental protection', Expenditure on 'housing and community amenities', Expenditure on 'recreation, culture and religion'. Annual government finance statistics (GFS) data are collected by Eurostat on the basis of the European System of Accounts (ESA 2010) transmission programme. This indicator is measured in terms of thousand USD per capita, and as percentage of GDP. Africa Manual on sources and methods for the compilation of COFOG Statistics. Intermediate consumption made up nearly 12 % of government expenditure in the EU-27 in 2018. Government expenditure refers to the funds and resources allocated by the government to social goods and services, such as health care, education and infrastructure. In the framework of the European System of National Accounts (ESA 2010), Eurostat collects data on general government expenditure by economic function according to the international Classification of the Functions of Government (COFOG) – see methodological note. Data on education are collected by the UNESCO Institute for Statistics from official responses to its annual education survey. Government Spending Definition Each year, governments worldwide allocate funds to health care, education, national defense, social services and … The transmission of the COFOG I level breakdown (divisions) is compulsory for the years 1995 onwards (subject to derogations), whereas information on the COFOG II level (COFOG groups) is provided on a compulsory basis for the reference years 2001 onwards. Along with consumer and business spending, government expenditures contribute to aggregate demand. In absolute terms, at the level of the EU-27, general government 'health' expenditure increased relatively smoothly between 2001 and 2018, amounting to 13.2 % of total expenditure in 2001 and 15.0% in 2018. South America In the framework of the European System of National Accounts (ESA 2010), Eurostat collects data on general government expenditure by economic function according to the international Classification of the Functions of Government (COFOG). Definition of general government total expenditure. European System of National Accounts (ESA 2010). As a ratio to GDP, EU-27 government health expenditure amounted to 6.2 % of GDP in 2001 and 7.0 % of GDP in 2018. In 2018 at the level of the EU, 'health' expenditure remained the second largest item of general government expenditure after expenditure on 'social protection'. National Estimation, UIS Estimation, or Category not applicable), please visit UIS.Stat (http://data.uis.unesco.org/). ), marketed goods and services (coal, postal services, etc.) Non-financial non-produced assets consist of land and other tangible non-produced assets that may be used in the production of goods and services, and intangible non-produced assets. In 2018, EU-27 general government expenditure stood at 46.7 % of GDP, remained unchanged as compared to 2017. The majority of social transfers in kind are classified in the function 'social protection', with important amounts also recorded in 'health' and 'education'. Administrative expenditure data is additionally collected in so-called satellite accounts. P.51g, 'gross fixed capital formation': consists of acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. For example, short-term cuts can be difficult to achieve in health, education, etc., expenditures, given the labour-intensive nature of these activities, without heavy redundancies and disruption of public services; while cuts in transfer payments to poorer members of the community are politically unpopular. The transfer payments for pens… In some countries the health care is organised by the private sector, while other countries have government schemes. Europe As a business owner, it's essential to have a good understanding of the government expenditure because it indicates where your money goes and what the economy looks like. Two important kinds of other current transfers - current international cooperation as well as the VAT and GNI based transfers to the EU budget are recorded within the function 'general public services'. The highest level reported is in 2009, at the onset of the economic crisis, at 7.3 % of GDP, being due to a decrease in nominal GDP and not due to an unusual increase in government expenditure. EU-27 general government expenditure stood at 46.7 % of EU GDP in 2018 and remained unchanged as compared to 2017. This gradual decrease was partly the result of the fiscal consolidation measures, renewed economic growth and counter-cyclical reactions of government expenditure. The authors can be contacted at ESTAT-GFS@ec.europa.eu. In 2018 in the EU-27, total expenditure of general governments on 'health' amounted to EUR 944 billion or 7.0 % of GDP. How these funds are allocated varies among countries. Government total expenditure comprises the following categories: Throughout this publication, nominal GDP, i.e. Increase in government expenditure is often ascribed to inflationary price rise. This page has been accessed 170,357 times. The darker the shade, the higher the value. Use this term in a sentence “ There was a lot of government expenditure going on and we all took note of it and thought that we could help in some way.
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