Greece Government Budget

Greece recorded a Government Budget deficit equal to 12.70 percent of the country's Gross Domestic Product in 2013. Government Budget in Greece is reported by the Eurostat. Government Budget in Greece averaged -7.37 Percent of GDP from 1995 until 2013, reaching an all time high of -3.20 Percent of GDP in 1999 and a record low of -15.70 Percent of GDP in 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 - Greece Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-12.70 -8.90 -3.20 -15.70 -2.00 | 2013/12 1995 - 2013 Percent of GDP Yearly

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Greece Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 175.10 2013-12-31 157.20 175.10 22.60 176.20 2013-12-31 Percent [+]
Government Budget Value 495.00 2014-02-28 -1553.00 22737.60 -30872.00 -291.40 2014-03-31 EUR Million [+]
Government Spending 8668.90 2013-11-15 7207.20 11137.70 7207.20 7902.28 2014-03-31 EUR Million [+]
Credit Rating 5.75 [+]
Government Budget -12.70 2013-12-31 -8.90 -3.20 -15.70 -2.00 2013-12-31 Percent of GDP [+]
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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.


RELATED NEWS

Greece Unemployment Rate Falls to 11-Month Low  
In January of 2014, Greek seasonally adjusted jobless rate fell to 26.7 down from a revised 27.2 percent in the previous month, but up from 26.5 percent a year earlier. Revised figures showed the unemployment fell for the fourth straight month.
Greek Trade Deficit Widens in February  
Greek trade deficit increased for the second consecutive month to a preliminary estimate of € -1.98 billion, due to a 7 percent drop in exports. A year earlier, the trade deficit reached € 1.76 billion.
Greek Trade Deficit Narrows in January  
Trade deficit in Greece narrowed to €1.62 billion in January of 2014 from €1.90 billion a year earlier, as imports shrank at a faster pace than exports. Compared with December of 2013, the trade deficit narrowed 16 percent, according to preliminary estimates.
Greece Unemployment Rate Falls Slightly  
In December of 2013, Greek seasonally adjusted jobless rate decreased marginally to 27.5 percent, compared to a downwardly revised 27.6 percent in November. The figure is more than twice the Euro Area’s average of 12 percent.
Greece Unemployment Rate Edges Up in November 2013  
In November of 2013, Greek jobless rate rose to a new record high at 28 percent from a revised 27.7 percent in October and 26.3 percent last year. Unemployment in Greece is more than twice the euro zone's record-high of 12.1 percent in the same period.
Greek Trade Deficit Narrows in December  
Preliminary estimates showed the Greek trade deficit decreased in the last month of 2013 to € 1.39 billion from € 1.5 billion in November and € 1.4 billion a year earlier.
Greek Unemployment Rate Up to 27.8% in October  
In October of 2013, Greece jobless rate slightly rose to a new record 27.8 percent, up from a revised 27.7 percent in September. A year ago, unemployment was recorded at 26.1 percent.
Greece Unemployment Rate at 27.4% in September  
The seasonally adjusted jobless rate in September of 2013 was 27.4 percent compared to 26.0 percent in September of 2012 and 27.3 percent in August.
Greek Trade Deficit Widens in October  
In October of 2013, Greece trade deficit increased to € 1.84 billion, from €1.54 billion in September, as exports fell while imports rose for the third consecutive month.
Greece Unemployment Rate Remained Unchanged in August  
In August, Greek jobless rate was 27.3 percent compared to 25.5 percent in August 2012 and 27.3 percent in July 2013. Youth unemployment grew to 60.6 percent.
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