Belgium recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2019.

Government Budget in Belgium averaged -2.01 percent of GDP from 1995 until 2019, reaching an all time high of 0.20 percent of GDP in 2001 and a record low of -5.40 percent of GDP in 2009. This page provides - Belgium Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Government Budget - values, historical data and charts - was last updated on May of 2020.

Government Budget in Belgium is expected to reach -7.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Government Budget is projected to trend around -5.60 percent of GDP in 2021 and -3.70 percent of GDP in 2022, according to our econometric models.

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Belgium Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -0.80 0.20 -5.40 1995 - 2019 percent of GDP Yearly

Belgium Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.60 99.80 133.10 74.10 percent [+]
Government Budget -1.90 -0.80 0.20 -5.40 percent of GDP [+]
Government Budget Value -3402.00 -3159.00 779.00 -18817.00 EUR Million [+]
Government Spending 24832.00 25634.00 25634.00 9857.00 EUR Million [+]
Government Spending to GDP 52.20 52.20 64.00 48.60 percent [+]
Government Revenues 232880.00 224454.00 232880.00 12733.00 EUR Million [+]
Government Debt 575449.00 603095.00 603095.00 310141.00 EUR Million [+]
Fiscal Expenditure 235976.40 228976.10 235976.40 110858.20 EUR Million [+]
Credit Rating 86.00 [+]
Military Expenditure 4614.00 4485.00 8625.00 2007.00 USD Million [+]
Asylum Applications 2070.00 2480.00 6360.00 725.00 persons [+]


Belgium Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.