Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. source: Bank of Spain

Government Budget in Spain averaged -3.77 percent of GDP from 1995 until 2019, 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 December of 2020.

Government Budget in Spain is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -7.00 percent of GDP in 2021 and -3.20 percent of GDP in 2022, according to our econometric models.

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Spain Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -2.50 2.10 -11.30 1995 - 2019 percent of GDP Yearly

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 97.60 100.40 16.60 percent [+]
Government Budget -2.80 -2.50 2.10 -11.30 percent of GDP [+]
Government Budget Value -57736.00 -56291.00 12365.00 -99130.00 EUR Million [+]
Government Spending 61954.00 61391.00 61954.00 19902.00 EUR Million [+]
Government Spending to GDP 41.90 41.70 48.70 38.40 percent [+]
Government Debt 1308085199.00 1290656882.00 1308085199.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 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.