Italy recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2019.
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 May of 2020. source: National Institute of Statistics (ISTAT)
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 -3.60 percent of GDP in 2022, according to our econometric models.