Italy recorded a government budget deficit of 25.64 EUR Billion in May of 2021. source: Banca d'Italia

Government Budget Value in Italy averaged -4.91 EUR Billion from 1980 until 2021, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -48.99 EUR Billion in March of 2020. This page provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Government Budget Value - values, historical data and charts - was last updated on July of 2021.

Government Budget Value in Italy is expected to be -29.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Italy to stand at -25.00 in 12 months time. In the long-term, the Italy Government Budget Value is projected to trend around -23.00 EUR Billion in 2022 and -9.00 EUR Billion in 2023, according to our econometric models.

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Italy Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-25.64 -17.06 27.41 -48.99 1980 - 2021 EUR Billion Monthly
Current Prices, NSA

Italy Government Last Previous Highest Lowest Unit
Government Debt to GDP 155.80 134.60 155.80 90.50 percent of GDP [+]
Government Budget -9.50 -1.60 -1.30 -9.50 percent of GDP [+]
Government Budget Value -25.64 -17.06 27.41 -48.99 EUR Billion [+]
Government Spending 81423.70 81619.60 84649.30 60996.40 EUR Million [+]
Government Spending to GDP 57.30 48.60 57.30 46.50 percent of GDP [+]
Government Revenues 39.70 44.30 104.65 2.60 EUR Billion [+]
Government Debt 2686811.20 2680469.30 2686811.20 1320.50 EUR Million [+]
Fiscal Expenditure 65.34 61.36 132.85 1.78 EUR Billion [+]
Military Expenditure 28370.00 26381.00 33838.00 5588.00 USD Million [+]
Credit Rating 61.00 [+]
Asylum Applications 2415.00 2695.00 13510.00 120.00 persons [+]

Italy Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.