Home > Uncategorized > Changes in nominal government expenditure per capita, selected EU countries, 2009-2012

Changes in nominal government expenditure per capita, selected EU countries, 2009-2012

Are countries like Spain and Portugal and Greece and Ireland doing really, really bad and experiencing rates of unemployment unseen since (there we go again) the Great Depression because they did not cut government expenditures? Hmmm… And is the Netherlands by far the worst performer of the EU ‘core’ countries because of, as some political parties claim, runaway government expenditures which crowd out all other activities? Hmmm… And are the Baltic countries regaining at least some of the ground lost in 2008 because they reigned in government spending? Hmmm… If you look at household expenditure, net interest transfers (much lower interest rates on savings, marginally lower interest rates on outstanding loans) from households to banks have affected purchasing power downwards, not government expenditures.

1Overheid

 

 

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