Estonia recorded a Government Budget deficit equal to 4.90 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Government Budget in Estonia averaged 0.03 percent of GDP from 1995 until 2020, reaching an all time high of 2.90 percent of GDP in 2006 and a record low of -4.90 percent of GDP in 2020. This page provides - Estonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Government Budget - values, historical data and charts - was last updated on May of 2021.

Government Budget in Estonia is expected to reach -7.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Government Budget is projected to trend around -6.30 percent of GDP in 2022 and -5.20 percent of GDP in 2023, according to our econometric models.

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Estonia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 0.10 2.90 -4.90 1995 - 2020 percent of GDP Yearly

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.20 8.40 18.20 3.80 percent [+]
Government Budget -4.90 0.10 2.90 -4.90 percent of GDP [+]
Government Budget Value -368.10 -35.00 259.00 -519.20 EUR Million [+]
Government Spending 1374.00 1082.57 1374.00 599.64 EUR Million [+]
Government Spending to GDP 39.00 39.10 45.60 33.50 percent [+]
Government Revenues 3109.10 2903.70 3109.10 501.20 EUR Million [+]
Fiscal Expenditure 3470.90 2938.70 3470.90 513.90 EUR Million [+]
Military Expenditure 675.00 607.00 675.00 52.60 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 5.00 0.00 45.00 0.00 persons [+]


Estonia 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.