Ireland recorded a government budget deficit of 1004 EUR Million in the second quarter of 2020.

Government Budget Value in Ireland averaged -53.73 EUR Million from 1975 until 2020, reaching an all time high of 6733 EUR Million in the fourth quarter of 2006 and a record low of -4927 EUR Million in the first quarter of 2013. This page provides the latest reported value for - Ireland Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Government Budget Value - values, historical data and charts - was last updated on October of 2020. source: Central Statistics Office Ireland

Government Budget Value in Ireland is expected to be -7400.00 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 Ireland to stand at 690.00 in 12 months time. In the long-term, the Ireland Government Budget Value is projected to trend around -2400.00 EUR Million in 2021 and 2700.00 EUR Million in 2022, according to our econometric models.

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Ireland Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-1004.00 -2324.00 6733.00 -4927.00 1975 - 2020 EUR Million Quarterly
Current Prices, NSA

Ireland Government Last Previous Highest Lowest Unit
Government Debt to GDP 58.80 63.60 119.90 23.60 percent [+]
Government Budget 0.40 0.10 4.80 -32.10 percent of GDP [+]
Government Budget Value -1004.00 -2324.00 6733.00 -4927.00 EUR Million [+]
Government Spending 9475.00 8818.00 9475.00 3969.00 EUR Million [+]
Government Spending to GDP 24.80 25.30 65.10 24.80 percent [+]
Government Revenues 18134.00 13994.00 19429.00 315.40 EUR Million [+]
Government Debt 204044.00 212960.00 218539.00 36004.00 EUR Million [+]
Fiscal Expenditure 20931.00 16529.00 20931.00 410.00 EUR Million [+]
Military Expenditure 1140.00 1025.00 1231.00 244.00 USD Million [+]
Credit Rating 78.00 [+]
Asylum Applications 105.00 40.00 665.00 15.00 persons [+]

Ireland 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.