Albania recorded a Government Budget deficit equal to 6.90 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance of the Republic of Albania

Government Budget in Albania averaged -5.84 percent of GDP from 1993 until 2020, reaching an all time high of -1.60 percent of GDP in 2018 and a record low of -12.60 percent of GDP in 1997. This page provides - Albania Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Albania is expected to reach -5.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Government Budget is projected to trend around -3.00 percent of GDP in 2022 and -2.50 percent of GDP in 2023, according to our econometric models.

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Albania Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-6.90 -1.90 -1.60 -12.60 1993 - 2020 percent of GDP Yearly

Albania Government Last Previous Highest Lowest Unit
Government Debt to GDP 65.90 67.90 72.70 4.80 percent of GDP [+]
Government Budget -6.90 -1.90 -1.60 -12.60 percent of GDP [+]
Government Budget Value -29141.00 -20669.00 18434.00 -110569.00 ALL Million [+]
Government Spending 41813.24 47843.70 445792.55 30548.00 ALL Million [+]
Government Revenues 324226.00 281427.00 460349.00 4096.00 ALL Million [+]
Government Debt 1225259.00 1220922.00 1225259.00 636773.00 ALL Million [+]
Fiscal Expenditure 355284.00 311320.00 536474.00 4946.00 ALL Million [+]
Military Expenditure 216.00 197.00 285.00 74.40 USD Million [+]
Credit Rating 32.00 [+]
Government Spending To GDP 33.40 29.30 37.40 26.20 percent of GDP [+]

Albania Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.