1.Karadeniz ve Balkan Ekonomik ve Politik Araştırmalar Sempozyumu

Public Spending, Financed With European Funds and Its Impact on the Aggregate Supply in Central and Eastern Europe

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The variables used in the model are:

• GDP – quarterly, the data used for its measurement on the components of Final Consumption Expenditure.

This indicator of GDP fully correspondents to public spending as a component of aggregate demand, includ-

ing consumption, investments, public spending and net export;

• Public spending, financed with national funds – quarterly, total, capital spending, for salary and social insur-

ance, for maintenance by the consolidated state budget for the period 2005 – 2013;

• Public spending, financed with European funds – quarterly, EF paid, total and by different programs in nation-

al currency for the period 2008 -2013. Because the statistic data is with accumulation, they are revaluated

quarterly to be compatible to other data.

3. Graph presentation of data

3.1 Data for public spending, financed with national funds

Below is presented the dynamics of public spending, financed with national funds by the consolidated state budget

in the case of Bulgaria during the period 2005 – 2013.

Source:

Източник:

– Statistics – Consolidated fiscal program – Data for Consolidated fiscal program (quar-

terly)

Source:

Източник:

– Statistics – Consolidated fiscal program – Data for Consolidated fiscal program (quar-

terly)