European Union recorded a Government Budget deficit equal to 6.90 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT
Government Budget in European Union averaged -2.81 percent of GDP from 1995 until 2020, 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 July of 2021.
Government Budget in European Union is expected to reach -7.70 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Budget is projected to trend around -3.80 percent of GDP in 2022 and -1.60 percent of GDP in 2023, according to our econometric models.