In 2018, member states spent almost EUR 106 billion of government expenditure on environmental protection, representing 1.7% of total government expenditure. This is equivalent to 0.8% of GDP, Eurostat says.
The lowest share of environmental protection expenditure was registered in Finland (0.2%), followed by Cyprus and Lithuania (0.3%). The share stood at 0.4% in Austria, Denmark, Ireland, and Hungary.
The highest share was reported in the Netherlands (1.4%), followed by Belgium and Greece (1.3%), and Malta (1.2%).
Overall, in the EU, general government expenditure on environmental protection as a percentage of GDP remained stable since 2001, the agency says.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
