Italy recorded a government budget deficit of 13.68 EUR Billion in November of 2019. Government Budget Value in Italy averaged -4.42 EUR Billion from 1980 until 2019, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -43.39 EUR Billion in October of 2009. source: Banca d'Italia

Government Budget Value in Italy is expected to be -25.60 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Italy to stand at 5.40 in 12 months time. In the long-term, the Italy Government Budget Value is projected to trend around 2.10 EUR Billion in 2020, according to our econometric models.


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Italy Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-13.68 1.93 27.41 -43.39 1980 - 2019 EUR Billion Monthly
Current Prices, NSA


Italy Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

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 [+]