Italy recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2019. source: National Institute of Statistics (ISTAT)

Government Budget in Italy averaged -3.25 percent of GDP from 1995 until 2019, reaching an all time high of -1.30 percent of GDP in 2007 and a record low of -7.20 percent of GDP in 1995. This page provides the latest reported value for - Italy Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Government Budget in Italy is expected to reach -10.60 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Government Budget is projected to trend around -5.80 percent of GDP in 2021 and -3.10 percent of GDP in 2022, according to our econometric models.

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Italy Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -2.20 -1.30 -7.20 1995 - 2019 percent of GDP Yearly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 10:00 AM 2018 -2.1% -2.4% -2.6%
2020-03-02 10:00 AM 2019 -1.6% -2.2% -2.6%
2021-03-01 11:00 AM 2020

Italy 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.