Germany recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2023. Government Budget in Germany averaged -1.88 percent of GDP from 1995 until 2023, reaching an all time high of 1.90 percent of GDP in 2018 and a record low of -9.40 percent of GDP in 1995. source: Federal Statistical Office

Government Budget in Germany is expected to reach -2.80 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Government Budget is projected to trend around -2.40 percent of GDP in 2025 and -2.00 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Asylum Applications 19490.00 26375.00 persons Feb 2024
Credit Rating 100.00 Apr 2024
Fiscal Expenditure 477.60 497.00 EUR Billion Jun 2023
Government Budget -2.50 -2.50 percent of GDP Dec 2023
Government Budget Value -1.39 -55.32 EUR Billion Jun 2023
Government Debt 2445404.61 2453856.47 EUR Million Dec 2023
Government Debt to GDP 63.60 66.10 percent of GDP Dec 2023
Government Revenues 476.20 441.68 EUR Billion Jun 2023
Government Spending 176.48 175.87 EUR Billion Dec 2023
Government Spending to GDP 48.60 49.50 percent of GDP Dec 2023
Military Expenditure 66826.60 56153.10 USD Million Dec 2023

Germany 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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.50 1.90 -9.40 1995 - 2023 percent of GDP Yearly