Spain recorded a government budget deficit of 12378 EUR Million in November of 2018. Government Budget Value in Spain averaged -19022.13 EUR Million from 2003 until 2018, reaching an all time high of 12365 EUR Million in December of 2007 and a record low of -99130 EUR Million in December of 2009.

Government Budget Value in Spain is expected to be -28200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Spain to stand at -16400.00 in 12 months time. In the long-term, the Spain Government Budget Value is projected to trend around -26400.00 EUR Million in 2020, according to our econometric models.

Spain Government Budget Value
Forecast Data Chart
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Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.30 99.00 100.40 16.60 percent [+]
Government Budget -3.10 -4.50 2.20 -11.00 percent of GDP [+]
Government Budget Value -12378.00 -8384.00 12365.00 -99130.00 EUR Million [+]
Government Spending 56676.00 55858.00 56676.00 19910.00 EUR Million [+]
Government Spending to GDP 41.00 42.20 48.10 38.30 percent [+]
Government Debt 1175703594.00 1163885055.00 1175703594.00 136774640.00 EUR Thousand [+]
Military Expenditure 15686.00 14014.40 18206.70 2319.30 USD Million [+]
Credit Rating 62.25 [+]
Asylum Applications 6480.00 4210.00 6515.00 145.00 persons [+]

Spain 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. This page provides the latest reported value for - Spain Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Government Budget Value - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-12378.00 -8384.00 12365.00 -99130.00 2003 - 2018 EUR Million Monthly
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Argentina 6726.40 Feb/19
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Canada 2452.00 Dec/18
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Russia 309.63 Feb/19
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Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
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