Belgium recorded a Government Budget deficit equal to 9.40 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Government Budget in Belgium averaged -2.30 percent of GDP from 1995 until 2020, reaching an all time high of 0.20 percent of GDP in 2001 and a record low of -9.40 percent of GDP in 2020. This page provides - Belgium Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Belgium is expected to reach -6.80 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Government Budget is projected to trend around -5.70 percent of GDP in 2022 and -5.90 percent of GDP in 2023, according to our econometric models.

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Belgium Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.40 -1.90 0.20 -9.40 1995 - 2020 percent of GDP Yearly

Belgium Government Last Previous Highest Lowest Unit
Government Debt to GDP 114.10 98.10 133.10 74.10 percent of GDP [+]
Government Budget -9.40 -1.90 0.20 -9.40 percent of GDP [+]
Government Budget Value -9279.00 -3655.00 779.00 -18817.00 EUR Million [+]
Government Spending 26441.00 25117.00 26441.00 9857.00 EUR Million [+]
Government Spending to GDP 60.00 52.10 64.00 48.60 percent of GDP [+]
Government Revenues 238598.20 236500.10 238598.20 12733.00 EUR Million [+]
Government Debt 643789.00 646799.00 649798.00 310141.00 EUR Million [+]
Fiscal Expenditure 247877.30 240154.80 247877.30 110858.20 EUR Million [+]
Military Expenditure 5330.00 4761.00 8909.00 2074.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 1185.00 1135.00 6360.00 170.00 persons [+]


Belgium 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.