Government Budget in Spain decreased to -11 percent of GDP in 2020 from -2.90 percent of GDP in 2019. source: Bank of Spain

Government Budget in Spain averaged -4.05 percent of GDP from 1995 until 2020, reaching an all time high of 2.10 percent of GDP in 2006 and a record low of -11.30 percent of GDP in 2009. This page provides the latest reported value for - Spain Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Government Budget - values, historical data and charts - was last updated on May of 2021.

Government Budget in Spain is expected to reach -8.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -2.80 percent of GDP in 2023, according to our econometric models.

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Spain Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-11.00 -2.90 2.10 -11.30 1995 - 2020 percent of GDP Yearly

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 120.00 95.50 120.00 16.60 percent [+]
Government Budget -11.00 -2.90 2.10 -11.30 percent of GDP [+]
Government Budget Value -11114.00 -16247.00 12365.00 -99130.00 EUR Million [+]
Government Spending 63689.00 63239.00 63689.00 19902.00 EUR Million [+]
Government Spending to GDP 41.90 41.70 48.70 38.40 percent [+]
Government Debt 1345569813.00 1308085199.00 1345569813.00 136774640.00 EUR Thousand [+]
Military Expenditure 17986.00 17823.00 20144.00 2566.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 7590.00 10305.00 14395.00 55.00 persons [+]


Spain 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.