Italy recorded a Government Budget deficit equal to 2.20 percent of the country's Gross Domestic Product in 2018. 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. source: National Institute of Statistics (ISTAT)

Government Budget in Italy is expected to be -2.40 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 -3.00 percent of GDP in 2020, according to our econometric models.

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Italy Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.20 -2.40 -1.50 -7.30 1995 - 2018 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 -2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


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.

Italy Government Last Previous Highest Lowest Unit
Government Debt to GDP 134.80 134.10 135.30 90.50 percent [+]
Government Budget -2.20 -2.40 -1.50 -7.30 percent of GDP [+]
Government Budget Value -13.68 1.93 27.41 -43.39 EUR Billion [+]
Government Spending 80209.00 80127.00 84635.30 60996.40 EUR Million [+]
Government Spending to GDP 48.60 48.90 56.00 46.60 percent [+]
Government Revenues 47.32 41.73 104.65 2.60 EUR Billion [+]
Government Debt 2444610.20 2446769.00 2462572.70 1320.50 EUR Million [+]
Fiscal Expenditure 60.99 39.80 108.58 1.78 EUR Billion [+]
Credit Rating 62.00 [+]
Military Expenditure 26082.00 26448.00 33326.00 5504.00 USD Million [+]
Asylum Applications 3875.00 2995.00 13510.00 515.00 persons [+]