Greece recorded a government budget deficit of 3422.40 EUR Million in May of 2020.

Government Budget Value in Greece averaged -4919.43 EUR Million from 1995 until 2020, 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 2020.

Government Budget Value in Greece is expected to be 450.00 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 360.00 in 12 months time. In the long-term, the Greece Government Budget Value is projected to trend around 90.00 EUR Million in 2021, according to our econometric models.

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Greece Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-3422.40 -2249.50 22737.60 -30872.00 1995 - 2020 EUR Million Monthly
Current Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 176.60 181.20 181.20 22.60 percent [+]
Government Budget 1.50 1.00 1.50 -15.10 percent of GDP [+]
Government Budget Value -3422.40 -2249.50 22737.60 -30872.00 EUR Million [+]
Government Spending 9591.30 10959.20 14069.70 8175.90 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 16078.00 14110.00 60352.00 244.00 EUR Million [+]
Government Debt 361828.74 356014.92 367978.00 215415.74 EUR Million [+]
Fiscal Expenditure 23523.00 18172.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 4934.00 5094.00 9095.00 779.00 USD Million [+]
Credit Rating 37.00 [+]
Asylum Applications 2320.00 8510.00 10315.00 390.00 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.