Italy recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Italy Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows government revenue and spending in Italy between 2020 and 2024, with projections up until 2030. In 2024, government revenue in Italy amounted to round 1,032.87 billion euros, whereas government spending came to around 1,108.41 billion euros.Post-crisis ItalyGovernment revenue and spending in Italy have been steady at around the 700 billion mark since around 2008; in no year subsequent to this has the Italian government’s revenue or income exceeded its spending. This imbalance of the budget has led to a deficit.The shockwaves sent through the world in the wake of the 2008 financial crisis are still being felt on the Italian peninsula. The combined factors of less than impressive economic growth, not particularly rosy credit conditions and rising unemployment is having a significant impact on domestic industry, which is facing considerable financial difficulty. A further contraction in Italian GDP in 2013 was indicative of a rather bleak picture in Italy.Economic problems have not been helped by the political crisis the country has been experiencing. The political turmoil engulfing the coalition government, triggered in part by former Prime Minister Berlusconi and his party’s unrealistic pledge to end austerity, caused government bond yields to soar. After a protest mass resignation of MPs from Mr Berlusconi’s party, the Italian president intervened stating the nation’s requirement need for constant break ups and the need for a stable government. Business leaders in Italy have also voiced their concerns and warned that any new election would probably result in another stalemate leaving the future of the country uncertain and worrying the financial markets.

Italy recorded a government budget deficit of 19.35 EUR Billion in April of 2025. This dataset provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in Italy decreased to 90926 EUR Million in the first quarter of 2025 from 91229 EUR Million in the fourth quarter of 2024. This dataset provides - Italy Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the government expenditure in Italy amounted to 1.14 trillion euros, 54 percent of the country's GDP. Social protection accounted for the highest spending, with almost 500 billion euros, ahead of general public services and healthcare. On the contrary, the executive allocated the least amount of financial resources to environmental protection and culture.

Italy IT: Primary Government Expenditures as % of Original Approved Budget data was reported at 112.375 % in 2022. This records an increase from the previous number of 105.964 % for 2021. Italy IT: Primary Government Expenditures as % of Original Approved Budget data is updated yearly, averaging 100.781 % from Dec 2007 (Median) to 2022, with 16 observations. The data reached an all-time high of 118.124 % in 2007 and a record low of 98.418 % in 2008. Italy IT: Primary Government Expenditures as % of Original Approved Budget data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Government Revenue, Expenditure and Finance. Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.;Public Expenditure and Financial Accountability (PEFA). Ministry of Finance (MoF).;;

The total budget allocated by the Italian Ministry of Culture (MiC) to heritage and cultural activities in Italy declined in 2023 over the previous year, amounting to roughly 3.8 billion euros. This figure accounted for 0.32 percent of the total budget allocated by all ministries in Italy that year.

Government spending in Italy was last recorded at 50.6 percent of GDP in 2024 . This dataset provides the latest reported value for - Italy Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Education spending in Italy constantly augmented from 1995 to 2023. Public investments grew steadily between the late 1990s and the 2000s, before recording a stagnation during and after the 2010-2011 Euro crisis. However, government expenditure has increased since 2018, and the Italian government allocated 83.6 billion euros for education in 2023.

Forecast: Government Budget Allocations for R&D in Italy 2023 - 2027 Discover more data with ReportLinker!

Forecast: Government Budget Allocations for R&D in Italy 2024 - 2028 Discover more data with ReportLinker!

The budget balance in relation to the gross domestic product (GDP) in Italy stood at about -3.45 percent in 2024. From 1988 to 2024, the budget balance rose by approximately 7.13 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by around 0.90 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Italy IT: Civil Budget R&D: % of Total GBARD data was reported at 99.424 % in 2022. This records a decrease from the previous number of 99.436 % for 2021. Italy IT: Civil Budget R&D: % of Total GBARD data is updated yearly, averaging 96.938 % from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 99.521 % in 2020 and a record low of 89.644 % in 1988. Italy IT: Civil Budget R&D: % of Total GBARD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Italy – Table IT.OECD.MSTI: Government Budgets for Research and Development: OECD Member: Annual.

For Italy, the population frame was improved in 2016 (the number of units increased by +18% compared to the 2015 frame) and for the first time, an imputation procedure was applied for handling non responses. In 2005 and 1997, new methods for estimating R&D in universities were introduced, resulting in breaks in series in the higher education sector.

Up until 1990, the total expenditure on R&D is overestimated by more than 10% as extramural R&D expenditures is included. From 1991, data on extramural R&D expenditure is available separately.

2010 GBARD data are calculated with a new set of coefficients especially affecting the data on non-oriented research programmes.

Italy IT: Defence Budget R&D: % of Total GBARD data was reported at 0.576 % in 2022. This records an increase from the previous number of 0.564 % for 2021. Italy IT: Defence Budget R&D: % of Total GBARD data is updated yearly, averaging 3.062 % from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 10.356 % in 1988 and a record low of 0.479 % in 2020. Italy IT: Defence Budget R&D: % of Total GBARD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Italy – Table IT.OECD.MSTI: Government Budgets for Research and Development: OECD Member: Annual.

For Italy, the population frame was improved in 2016 (the number of units increased by +18% compared to the 2015 frame) and for the first time, an imputation procedure was applied for handling non responses. In 2005 and 1997, new methods for estimating R&D in universities were introduced, resulting in breaks in series in the higher education sector.

Up until 1990, the total expenditure on R&D is overestimated by more than 10% as extramural R&D expenditures is included. From 1991, data on extramural R&D expenditure is available separately.

2010 GBARD data are calculated with a new set of coefficients especially affecting the data on non-oriented research programmes.

Italy Central Government: Budget Receipt: Tax Revenue data was reported at 28,115.600 EUR mn in Sep 2018. This records a decrease from the previous number of 43,715.700 EUR mn for Aug 2018. Italy Central Government: Budget Receipt: Tax Revenue data is updated monthly, averaging 22,209.800 EUR mn from Dec 1980 (Median) to Sep 2018, with 454 observations. The data reached an all-time high of 84,024.000 EUR mn in Dec 2004 and a record low of 2,444.900 EUR mn in Feb 1981. Italy Central Government: Budget Receipt: Tax Revenue data remains active status in CEIC and is reported by Bank of Italy. The data is categorized under Global Database’s Italy – Table IT.F006: ESA 2010: Central Government Borrowing Requirement.

Government expenditure on education, total (% of GDP) in Italy was reported at 4.2183 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Forecast: Government Budget Appropriations or Outlays for R&D in Energy in Italy 2024 - 2028 Discover more data with ReportLinker!

Graph and download economic data for Projection of General government net lending/borrowing for Italy (GGNLBPITA188N) from 2025 to 2030 about budget, Italy, projection, Net, and government.

Italy IT: GBARD: Current PPP data was reported at 21.561 USD bn in 2022. This records an increase from the previous number of 18.909 USD bn for 2021. Italy IT: GBARD: Current PPP data is updated yearly, averaging 9.508 USD bn from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 21.561 USD bn in 2022 and a record low of 3.247 USD bn in 1981. Italy IT: GBARD: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Italy – Table IT.OECD.MSTI: Government Budgets for Research and Development: OECD Member: Annual.

For Italy, the population frame was improved in 2016 (the number of units increased by +18% compared to the 2015 frame) and for the first time, an imputation procedure was applied for handling non responses. In 2005 and 1997, new methods for estimating R&D in universities were introduced, resulting in breaks in series in the higher education sector.

Up until 1990, the total expenditure on R&D is overestimated by more than 10% as extramural R&D expenditures is included. From 1991, data on extramural R&D expenditure is available separately.

2010 GBARD data are calculated with a new set of coefficients especially affecting the data on non-oriented research programmes.

In July 2021, Italy recorded a government budget deficit of 9.05 billion euros. Between August 2020 and July 2021, the largest budget deficit was reported in December 2020, when it stood at 45.9 billion euros.