Italy recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2025. Government Budget in Italy averaged -3.90 percent of GDP from 1995 until 2025, reaching an all time high of -1.30 percent of GDP in 2007 and a record low of -9.40 percent of GDP in 2020. source: National Institute of Statistics (ISTAT)
Government Budget in Italy is expected to reach -2.90 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Government Budget is projected to trend around -2.80 percent of GDP in 2027 and -2.60 percent of GDP in 2028, according to our econometric models.