Estonia recorded a Government Budget deficit equal to 0.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Estonia averaged 0.20 percent of GDP from 1995 until 2019, reaching an all time high of 2.90 percent of GDP in 2006 and a record low of -3.30 percent of GDP in 1999. This page provides - Estonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Government Budget - values, historical data and charts - was last updated on September of 2020.

Government Budget in Estonia is expected to reach -3.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Government Budget is projected to trend around -4.40 percent of GDP in 2021 and -3.60 percent of GDP in 2022, according to our econometric models.

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Estonia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.60 2.90 -3.30 1995 - 2019 percent of GDP Yearly

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 8.40 8.40 10.60 3.80 percent [+]
Government Budget -0.30 -0.60 2.90 -3.30 percent of GDP [+]
Government Budget Value -424.30 -69.30 259.00 -424.30 EUR Million [+]
Government Spending 1109.77 1045.77 1315.19 599.64 EUR Million [+]
Government Spending to GDP 39.00 39.10 45.60 33.50 percent [+]
Government Revenues 2246.90 3034.40 3034.40 501.20 EUR Million [+]
Fiscal Expenditure 2671.10 3103.70 3103.70 513.90 EUR Million [+]
Military Expenditure 571.00 537.00 571.00 48.40 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 0.00 0.00 45.00 0.00 persons [+]


Estonia 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.