Government spending compared to GDP just over EU average

Deals

Government expenditures in Hungary were the equivalent of 50.1% of GDP last year, just over the 48.1% European Union average, a report by Eurostat shows. 

The rate of government spending in Hungary exceeded those in the Czech Republic (42.0%), Poland (41.8%) and Slovakia (41.8%) during the period, the report shows.

The rate was the highest in Finland, at 58.7%, and the lowest in Romania, at 34.9%. In a breakdown of government expenditures by function, the report shows that general public services accounted for 20.9% of spending in Hungary.

Social protection made up one-third of government spending, and pensions accounted for half of this amount. Healthcare spending made up 10.4% of the total and education spending 9.5%. About 13.7% of spending was for economic affairs.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.