European Union recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2021. source: EUROSTAT

Government Budget in European Union averaged -2.89 percent of GDP from 1995 until 2021, reaching an all time high of -0.40 percent of GDP in 2018 and a record low of -7.20 percent of GDP in 1995. This page provides - European Union Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Budget - values, historical data and charts - was last updated on October of 2022.

Government Budget in European Union is expected to reach -3.80 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Budget is projected to trend around -2.60 percent of GDP in 2023 and -2.00 percent of GDP in 2024, according to our econometric models.

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European Union Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 88.10 90.00 percent of GDP Dec 2021
Government Budget -4.70 -6.80 percent of GDP Dec 2021
Government Spending 723.61 719.37 EUR Billion Jun 2022
Asylum Applications 74950.00 54655.00 persons Mar 2022
Government Spending to GDP 51.60 53.00 percent of GDP Dec 2021
Government Debt 12078219.00 10838269.00 EUR Million Dec 2020