Germany's government posted a deficit of EUR 158.2 billion, or 4.8 percent of GDP, in 2020, amid efforts to curb the spread of COVID-19 and support businesses and households hit by the pandemic, a preliminary estimate showed. It was the first gap since 2011 and the second-highest deficit since German unification, only exceeded by the record deficit of 1995. The federal government had the largest share of the funding deficit (EUR 98.3 billion), followed by the federal states (EUR 26.1 billion), social security (EUR 31.8 billion) and the municipalities (EUR 2.0 billion). source: Federal Statistical Office

Government Budget in Germany averaged -1.78 percent of GDP from 1995 until 2020, reaching an all time high of 1.80 percent of GDP in 2018 and a record low of -9.40 percent of GDP in 1995. This page provides the latest reported value for - Germany Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Government Budget in Germany is expected to reach -2.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Government Budget is projected to trend around 0.80 percent of GDP in 2022 and 1.00 percent of GDP in 2023, according to our econometric models.

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Germany Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 1.50 1.80 -9.40 1995 - 2020 percent of GDP Yearly

Calendar GMT Actual Previous Consensus TEForecast
2018-01-11 09:00 AM 2017 1.2% 0.8%
2019-01-15 09:00 AM 2018 1.7% 1% 0.6%
2020-01-15 09:00 AM 2019 1.5% 1.9% 1.1%
2021-01-14 09:00 AM 2020 -4.8% 1.5% -7%

Germany 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.