Euro Area Government Budget

Euro Area recorded a Government Budget deficit equal to 3.70 percent of the countrys Gross Domestic Product in 2012. Government Budget In the Euro Area is reported by the Eurostat. From 1995 until 2012, Euro Area Government Budget averaged -3.0 Percent of GDP reaching an all time high of 0.0 Percent of GDP in December of 2000 and a record low of -6.3 Percent of GDP in December of 2009. 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. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.70 -4.20 0.00 -6.30 -3.03 | 2013/12 1995 - 2012 Percent of GDP Yearly

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Euro Area Government Budget
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-04-22 10:00 AM Euro Area
General government budget
2012 -3.7% -4.2% -3.5%
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Government Last Previous Highest Lowest Forecast Unit
Government Spending 417.83 2013-11-15 397.42 422.27 292.64 411.53 2014-03-31 EUR Billion [+]
Government Debt To GDP 90.60 2012-12-31 87.30 90.60 66.20 95.13 2013-12-31 Percent [+]
Credit Rating 13.59 [+]
Government Budget -3.70 2012-12-31 -4.20 0.00 -6.30 -3.03 2013-12-31 Percent of GDP [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


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