European Union recorded a Government Budget deficit equal to 0.80 percent of the country's Gross Domestic Product in 2019.
Government Budget in European Union averaged -2.80 percent of GDP from 1995 until 2019, reaching an all time high of -0.70 percent of GDP in 2000 and a record low of -6.90 percent of GDP in 1995. This page provides - European Union Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Budget - values, historical data and charts - was last updated on September of 2020.
Government Budget in European Union is expected to reach -8.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Budget is projected to trend around -4.30 percent of GDP in 2021 and -1.40 percent of GDP in 2022, according to our econometric models.