Comparison of Public Expenditure for Agriculture in Selected EU Countries

Abstract

A specific part of each country's economy is the public sector, through which public services are provided. The structure of government expenditures in individual countries is different and the method of allocating funds to individual areas is also different, which is conditioned by a number of factors. The aim of the paper is to compare public expenditure related to agriculture in selected EU countries. The surveyed government expenditures are broken down according to the international functional classification COFOG. To compare the development of expenditures, whether total or individual components, the basic characteristics of time series are used. Based on the above analyses, we can state that the percentage of Total general government expenditure (COFOG) on gross domestic product in Slovakia (18.33%) has long been below the EU-27 average (19.10%). Similarly, the ratio expenditure of group 04.2 Agriculture, forestry, fishing and hunting (COFOG) in 04 Economic affairs in Slovakia 5.24% had a lower level then average ratio countries EU-27 (5.95%).