Total government spending by the member states of the European Union has increased consistently over the period since 1995, rising from around three trillion Euros annually to almost eight trillion in 2022. The COVID-19 pandemic caused a particularly large increase in spending in 2020 and 2021, as governments across the EU spent money on their health services in order to try to contain the pandemic, as well as increasing spending on economic affairs in order to support and stimulate their economies.
Total government spending by the member states of the European Union has increased consistently over the period since 1995, rising from around 3.4 trillion euros annually to almost 8.4 trillion in 2023. Social protection was the largest spending function in 2023, at 3.3 trillion euros. The COVID-19 pandemic caused a particularly large increase in spending in 2020 and 2021, as governments across the EU invested money in their health services to try to contain the pandemic.
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Total government spending by the member states of the European Union has increased consistently over the period since 1995, rising from around three trillion Euros annually to almost eight trillion in 2022. The COVID-19 pandemic caused a particularly large increase in spending in 2020 and 2021, as governments across the EU spent money on their health services in order to try to contain the pandemic, as well as increasing spending on economic affairs in order to support and stimulate their economies.