The Greek central government posted a budget deficit of EUR 1.03 billion in December of 2022, totaling a shortfall of EUR 6.68 billion for the whole year and translating to 1.8% of the GDP. It marks a sharp narrowing from the EUR 13.01 billion deficit in the previous year and well below the targeted gap of EUR 8.5 billion, according to provisional data. Government revenues totaled EUR 65.75 billion for the year, outperforming the budget law’s target, while spending was EUR 2 billion below target at EUR 71.27 billion. Next year, the central government is expected to post its first budget surplus since 2019 in an effort to have its debt reach investment grade after more than a decade in the junk category. source: Hellenic Republic Ministry of Economy and Finance

Government Budget Value in Greece averaged -4566.86 EUR Million from 1995 until 2022, reaching an all time high of 22737.60 EUR Million in October of 1998 and a record low of -30872.00 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 March of 2023.

Government Budget Value in Greece is expected to be -4700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Greece Government Budget Value

Related Last Previous Unit Reference
Government Budget Value -1027.50 -878.10 EUR Million Dec 2022
Government Revenues 7157.00 59598.00 EUR Million Jan 2023
Fiscal Expenditure 5686.00 71728.00 EUR Million Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1027.50 -878.10 22737.60 -30872.00 1995 - 2022 EUR Million Monthly
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