Greece recorded a government budget deficit of 2002.60 EUR Million in May of 2021. source: Hellenic Republic Ministry of Economy and Finance

Government Budget Value in Greece averaged -4812.88 EUR Million from 1995 until 2021, reaching an all time high of 22737.60 EUR Million in October of 1998 and a record low of -30872 EUR Million in December of 2009. This page provides the latest reported value for - Greece Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Government Budget Value - values, historical data and charts - was last updated on July of 2021.

Government Budget Value in Greece is expected to be -6700.00 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 Greece to stand at -1300.00 in 12 months time. In the long-term, the Greece Government Budget Value is projected to trend around 30.00 EUR Million in 2022 and 2200.00 EUR Million in 2023, according to our econometric models.

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Greece Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-2002.60 -3083.50 22737.60 -30872.00 1995 - 2021 EUR Million Monthly
Current Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 205.60 180.50 205.60 22.60 percent of GDP [+]
Government Budget -9.70 1.10 1.10 -15.10 percent of GDP [+]
Government Budget Value -2002.60 -3083.50 22737.60 -30872.00 EUR Million [+]
Government Spending 8684.50 10004.80 12142.00 7037.20 EUR Million [+]
Government Spending to GDP 60.70 47.90 62.90 43.70 percent of GDP [+]
Government Revenues 21977.00 18290.00 60352.00 244.00 EUR Million [+]
Government Debt 380795.05 374005.73 380795.05 215415.74 EUR Million [+]
Fiscal Expenditure 34192.00 29118.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 5237.00 5472.00 9155.00 785.00 USD Million [+]
Credit Rating 38.00 [+]
Asylum Applications 1380.00 1525.00 10315.00 0.00 persons [+]


Greece 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.