Lithuania recorded a Government Budget surplus equal to 0.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Lithuania averaged -2.72 percent of GDP from 1995 until 2019, reaching an all time high of 0.60 percent of GDP in 2018 and a record low of -11.80 percent of GDP in 1997. This page provides - Lithuania Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Government Budget - values, historical data and charts - was last updated on September of 2020.

Government Budget in Lithuania is expected to reach -4.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Government Budget is projected to trend around -5.60 percent of GDP in 2021 and -4.20 percent of GDP in 2022, according to our econometric models.

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Lithuania Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.60 0.60 -11.80 1995 - 2019 percent of GDP Yearly

Lithuania Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.30 33.80 42.60 11.50 percent [+]
Government Budget 0.30 0.60 0.60 -11.80 percent of GDP [+]
Government Budget Value -574.10 -68.50 517.40 -1800.50 EUR Million [+]
Government Spending 1635.30 1747.70 1747.70 1257.60 EUR Million [+]
Government Spending to GDP 34.90 34.00 50.30 33.20 percent [+]
Government Revenues 3734.00 4976.40 4976.40 1106.50 EUR Million [+]
Government Debt 21642.50 19698.20 21642.50 3249.10 EUR Million [+]
Fiscal Expenditure 4308.10 5044.90 5044.90 1164.50 EUR Million [+]
Military Expenditure 956.00 812.00 956.00 83.50 USD Million [+]
Credit Rating 75.00 [+]
Asylum Applications 5.00 0.00 110.00 0.00 persons [+]


Lithuania 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.