Austria recorded a Government Budget surplus equal to 0.70 percent of the country's Gross Domestic Product in 2019. source: Statistics Austria

Government Budget in Austria averaged -2.36 percent of GDP from 1995 until 2019, reaching an all time high of 0.70 percent of GDP in 2019 and a record low of -6.10 percent of GDP in 1995. This page provides - Austria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Austria is expected to reach -4.20 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Government Budget is projected to trend around -5.60 percent of GDP in 2021 and -3.60 percent of GDP in 2022, according to our econometric models.

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Austria Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.20 0.70 -6.10 1995 - 2019 percent of GDP Yearly

Austria Government Last Previous Highest Lowest Unit
Government Debt to GDP 70.40 74.00 84.90 56.10 percent [+]
Government Budget 0.70 0.20 0.70 -6.10 percent of GDP [+]
Government Budget Value -1390.00 -1083.00 5384.00 -7614.00 EUR Million [+]
Government Spending 18193.43 17794.65 18809.70 7710.00 EUR Million [+]
Government Spending to GDP 48.20 48.70 56.40 47.30 percent [+]
Government Revenues 8245.00 6177.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 9636.00 7260.00 72598.00 3970.00 EUR Million [+]
Military Expenditure 3140.00 3138.00 3488.00 1178.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 1285.00 1005.00 12015.00 305.00 persons [+]
Government Debt 280426.00 285267.00 296256.00 27002.00 EUR Million [+]

Austria 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.