Greece recorded a government budget deficit of 4553.20 EUR Million in December of 2020. source: Hellenic Republic Ministry of Economy and Finance

Government Budget Value in Greece averaged -4856.52 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 February of 2021.

Government Budget Value in Greece is expected to be 360.00 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 90.00 in 12 months time. In the long-term, the Greece Government Budget Value is projected to trend around 90.00 EUR Million in 2022 and -1970.00 EUR Million in 2023, according to our econometric models.

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Greece Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-4553.20 -4801.10 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 -4553.20 -4801.10 22737.60 -30872.00 EUR Million [+]
Government Spending 8641.40 8774.60 12142.00 7037.20 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 3848.00 47361.00 60352.00 244.00 EUR Million [+]
Government Debt 374005.73 364864.58 374005.73 215415.74 EUR Million [+]
Fiscal Expenditure 5409.00 70169.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 4934.00 5094.00 9095.00 779.00 USD Million [+]
Credit Rating 37.00 [+]
Asylum Applications 4705.00 3380.00 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.