Italy’s government budget deficit narrowed to EUR 37,605 million in 2018, or 2.1 percent of GDP, from EUR 41,541 million in 2017, or 2.4 percent of GDP. It was the lowest government deficit to GDP since 2007. Total receipts rose 1.6 percent to EUR 813.1 billion from EUR 800.7 billion in 2017, led by gains in indirect taxes (+2.1 percent to EUR 249.6 billion) and effective social contributions (+4.3 percent to EUR 230.8 billion). Meanwhile, total spending went up at a softer 1 percent to EUR 850.9 billion from 842.3 billion, on the back of higher social benefits (+2.2 percent to EUR 348.9 billion) and employee income (+3.1 percent to EUR 170.1 billion). Government budget deficit is expected at 2.0 percent of GDP in 2019. Government Budget in Italy averaged -3.36 percent of GDP from 1995 until 2018, reaching an all time high of -1.50 percent of GDP in 2007 and a record low of -7.30 percent of GDP in 1995.

Government Budget in Italy is expected to be -2.60 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Government Budget is projected to trend around -3.20 percent of GDP in 2020, according to our econometric models.

Italy Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 10:00 AM Government Budget 2018 -2.1% -2.4% -2.6%


Italy Government Last Previous Highest Lowest Unit
Government Debt to GDP 132.20 131.40 132.20 90.50 percent [+]
Government Budget -2.10 -2.40 -1.50 -7.30 percent of GDP [+]
Government Budget Value 10.44 -16.95 27.41 -43.39 EUR Billion [+]
Government Spending 78566.20 78383.30 82355.10 60996.40 EUR Million [+]
Government Spending to GDP 48.60 48.90 56.00 46.60 percent [+]
Government Revenues 37.34 39.75 104.65 2.60 EUR Billion [+]
Government Debt 2364663.30 2373314.40 2373314.40 1320.50 EUR Million [+]
Fiscal Expenditure 26.91 56.71 108.58 1.78 EUR Billion [+]
Military Expenditure 26082.00 26448.00 33326.00 5504.00 USD Million [+]
Credit Rating 59.92 [+]
Asylum Applications 2600.00 2650.00 13510.00 515.00 persons [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -2.40 -1.50 -7.30 1995 - 2018 percent of GDP Yearly




Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18


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