Ireland recorded a Government Budget deficit equal to 5 percent of the country's Gross Domestic Product in 2020. source: Central Statistics Office Ireland

Government Budget in Ireland averaged -2.88 percent of GDP from 1995 until 2020, reaching an all time high of 4.90 percent of GDP in 2000 and a record low of -32.10 percent of GDP in 2010. This page provides the latest reported value for - Ireland Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Government Budget - values, historical data and charts - was last updated on October of 2021.

Government Budget in Ireland is expected to reach -7.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Government Budget is projected to trend around -3.20 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Ireland Government Budget


Ireland Last Unit Reference Previous Highest Lowest
Government Debt to GDP 59.50 percent of GDP Dec/20 57.40 119.90 23.60
Government Budget -5.00 percent of GDP Dec/20 0.50 4.90 -32.10
Government Budget Value -1931.00 EUR Million Dec/20 -6846.00 4172.00 -17309.00
Government Spending 10357.00 EUR Million Jun/21 10270.00 10445.00 4088.00
Government Revenues 25818.00 EUR Million Dec/20 20245.00 27344.00 315.40
Government Debt 218157.00 EUR Million Dec/20 227515.00 227515.00 36004.00
Fiscal Expenditure 27750.00 EUR Million Dec/20 27092.00 33730.00 410.00


Ireland 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.