Italy recorded a government budget deficit of 37.97 EUR Billion in November of 2021. source: Banca d'Italia

Government Budget Value in Italy averaged -5.03 EUR Billion from 1980 until 2021, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -55.13 EUR Billion in October of 2021. This page provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Government Budget Value - values, historical data and charts - was last updated on January of 2022.

Government Budget Value in Italy is expected to be -47.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Government Budget Value is projected to trend around -20.00 EUR Billion in 2023, according to our econometric models.

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Italy Government Budget Value

Related Last Previous Unit Reference
Government Budget Value -37.97 -55.13 EUR Billion Nov/21
Government Revenues 32.55 38.11 EUR Billion Nov/21
Government Debt 2694232.60 2710270.00 EUR Million Nov/21
Fiscal Expenditure 70.52 93.24 EUR Billion Nov/21
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.