Government expenditure in the euro area during the pandemic crisis – insights from the Classification of the Functions of Government data

Marta Rodríguez-Vives and Hans Olsson

Economic Bulletin Boxes, 2023, vol. 3

Abstract: On 22 February 2023 Eurostat released data on government expenditure for the year 2021 according to the Classification of the Functions of Government (COFOG). These data provide information on the functional composition of government spending in countries across the euro area. The ratio of euro area public expenditure to GDP has increased substantially over recent years, from 46.9% in 2019 to 52.6% in 2021. This increase in spending was primarily in the categories of economic affairs, social protection and health, and reflects the introduction of government measures to mitigate the effects of the COVID-19 pandemic on the economy. JEL Classification: E62, H11, H20, H23, H50

Keywords: COFOG data; COVID-19 crisis; fiscal policies; public expenditure (search for similar items in EconPapers)
Date: 2023-05
Note: 1649295
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