Ireland recorded a Government Budget surplus equal to 0.40 percent of the country's Gross Domestic Product in 2019.

Government Budget in Ireland averaged -2.80 percent of GDP from 1995 until 2019, reaching an all time high of 4.80 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 September of 2020. source: Central Statistics Office Ireland

Government Budget in Ireland is expected to reach -7.40 percent of GDP by the end of 2020, 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 2021 and -0.60 percent of GDP in 2022, according to our econometric models.

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Ireland Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 4.80 -32.10 1995 - 2019 percent of GDP Yearly

Ireland Government Last Previous Highest Lowest Unit
Government Debt to GDP 58.80 63.60 119.90 23.60 percent [+]
Government Budget 0.40 0.10 4.80 -32.10 percent of GDP [+]
Government Budget Value -1004.00 -2324.00 6733.00 -4927.00 EUR Million [+]
Government Spending 9475.00 8818.00 9475.00 3969.00 EUR Million [+]
Government Spending to GDP 24.80 25.30 65.10 24.80 percent [+]
Government Revenues 18134.00 13994.00 19429.00 315.40 EUR Million [+]
Government Debt 204044.00 212960.00 218539.00 36004.00 EUR Million [+]
Fiscal Expenditure 20931.00 16529.00 20931.00 410.00 EUR Million [+]
Military Expenditure 1140.00 1025.00 1231.00 244.00 USD Million [+]
Credit Rating 78.00 [+]
Asylum Applications 15.00 30.00 665.00 15.00 persons [+]

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.