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15 January 2025

Bruegel: European public goods: the time for action is now

At around 1 percent of GDP – a level unchanged since the 1980s – the EU budget pales in comparison to the United States federal budget (around 22.5 percent of GDP in 2023) and the national public spending of EU countries (almost 50 percent of GDP in 2022). In the EU, of course, spending ...

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