Government Spending in European Union increased to 759889.30 EUR Million in the third quarter of 2019 from 756530.80 EUR Million in the second quarter of 2019. Government Spending in European Union averaged 642907.16 EUR Million from 1995 until 2019, reaching an all time high of 759889.30 EUR Million in the third quarter of 2019 and a record low of 512023.20 EUR Million in the first quarter of 1995. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides – European Union Government Spending – actual values, historical data, forecast, chart, statistics, economic calendar and news.