Public Expenditure and Housing Policy Cover Image

Публични разходи и жилищна политика
Public Expenditure and Housing Policy

Author(s): Veniamin Todorov
Subject(s): Economy, National Economy
Published by: Икономически университет - Варна
Keywords: Comparative analysis; Housing policy; Public expenditure
Summary/Abstract: The paper analyzes the specific features of the public financing of the housing policy in the European union and delineates the idiosyncrasies of Bulgarian public expenditure in comparison to the EU as a whole and also in comparison to each of the member states. The study focuses on the share that these expenditures have in GDP and constructs indicators in relation to three main aspects: the amount, the volatility and the growth rate. It shows that Bulgaria is comparatively similar to the EU and the other countries with respect to the relative amount. It is quite different in relation to the volatility of the expenditure. As far as the average growth rate is concerned, Bulgaria exhibits a negative growth as do most of the other countries and also EU as a whole. However, the growth rate is fairly small (as an absolute value) which is in contrast with a large number of EU countries.