Original article General Economics and Teaching

THE DYNAMICS OF PUBLIC EXPENDITURE IN BULGARIA (2014–2023)

Rumen Brusarski - University of National and World Economy
Received: 26 Mar 2025
Revised:
Published:
Downloads: 0
Citations: 0
book 1/2025
JEL H50
DOI https://doi.org/10.56497/etj2570101

Abstract

The modern state provides public goods, redistributes income and wealth, and ensures macroeconomic stability. It incurs expenses for this purpose which are financed (mainly) through taxation. In this sense, the scale and structure of public expenditures are key indicators of the state's participation in the economic life of its society. This article is devoted to the dynamics of public expenditure in Bulgaria over the last ten years (2014–2023): its total amount, current and capital expenditures, and expenditure by function.

How to cite this article

Brussarski, R. (2025). The Dynamics of Public Expenditure in Bulgaria (2014–2023). Economic Thought Journal, 70 (1), 7-20. https://doi.org/10.56497/etj2570101

References

Cerniglia, F. and Saraceno, F. (eds.). (2024). Investing in the Structural Transformation: 2024 European Public Investment Outlook. Cambridge, UK: Open Book Publishers.

Law on Public Finance. (2013). State Gazette Promulgation, No. 15 of 15.02.2013, in force from 01.01.2014.

OECD. (2023). Public Investment in Bulgaria: Planning and Delivering Infrastructure. OECD Public Governance Reviews. Paris: OECD Publishing.

Tanzi, V. (2005). The Economic Role of the State in the 21st Century. Cato Journal, Vol. 25, No. 3, 2005.

The World Bank Group. (2023). Review of Public Finance in Bulgaria 2023. World Bank Publications.


Internet sources

https://www.minfin.bg/

https://www.nsi.bg/bg

https://ec.europa.eu/eurostat

https://www.imf.org/external/datamapper/exp@FPP/USA/FRA/JPN/GBR/SWE/ESP/ITA/ZAF/IND

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