Spain recorded a government budget deficit of 60295 EUR Million in August of 2020. source: Ministerio de Hacienda Y Administraciones Publicas

Government Budget Value in Spain averaged -18979.77 EUR Million from 2003 until 2020, reaching an all time high of 12365 EUR Million in December of 2007 and a record low of -99130 EUR Million in December of 2009. This page provides the latest reported value for - Spain Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Government Budget Value - values, historical data and charts - was last updated on October of 2020.

Government Budget Value in Spain is expected to be -26400.00 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 Spain to stand at -26400.00 in 12 months time. In the long-term, the Spain Government Budget Value is projected to trend around -26400.00 EUR Million in 2021, according to our econometric models.

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Spain Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-60295.00 -60413.00 12365.00 -99130.00 2003 - 2020 EUR Million Monthly
Current Prices, NSA

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 97.60 100.40 16.60 percent [+]
Government Budget -2.80 -2.50 2.10 -11.30 percent of GDP [+]
Government Budget Value -60295.00 -60413.00 12365.00 -99130.00 EUR Million [+]
Government Spending 61391.00 60844.00 61391.00 19902.00 EUR Million [+]
Government Spending to GDP 41.90 41.70 48.70 38.40 percent [+]
Government Debt 1290656882.00 1224160712.00 1290656882.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 7095.00 55.00 14395.00 55.00 persons [+]

Spain 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.