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.

Italy recorded a government budget surplus of 11.11 EUR Billion in July 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.

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.

In 2019, the Italian Ministry of Foreign Affairs had a budget of almost three billion. According to data, the lowest value of the annual budget was recorded in 2012, with an amount of 1,684 million euros, while in the last years te value of the annual budget of the Italian Ministry of foreign Affairs increased.

According to data, the annual expenditure of the Italian Ministry of Defense was estimated to amount to almost 25 billion euros in 2021. Compared to the previous year, the budget allocated to defense increased by 8.1 percent.

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 IT: Environmentally Related Government R&D Budget: % of Total Government R&D data was reported at 2.730 % in 2022. This records an increase from the previous number of 2.690 % for 2021. Italy IT: Environmentally Related Government R&D Budget: % of Total Government R&D data is updated yearly, averaging 2.695 % from Dec 1990 (Median) to 2022, with 30 observations. The data reached an all-time high of 4.090 % in 2008 and a record low of 2.190 % in 1992. Italy IT: Environmentally Related Government R&D Budget: % of Total Government R&D 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.GGI: Governance: Research and Development Expenditure: OECD Member: Annual.

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 *** billion euros. This figure accounted for **** percent of the total budget allocated by all ministries in Italy that year.

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.

Italy IT: General University Funds: % Of Civil GBARD data was reported at 38.101 % in 2022. This records a decrease from the previous number of 39.881 % for 2021. Italy IT: General University Funds: % Of Civil GBARD data is updated yearly, averaging 38.585 % from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 49.389 % in 1998 and a record low of 21.989 % in 1984. Italy IT: General University Funds: % Of Civil 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.

In 2024, the budget for Black Friday shopping among Italian consumers increased slightly compared to the previous year, amounting to around *** euros.

rVIII-SingleChain, a recombinant factor VIII (rFVIII), has demonstrated safety and efficacy in patients with hemophilia A in clinical trials and real-world evidence. This analysis aimed to estimate the potential budget impact of increasing the usage of rVIII-SingleChain for the prophylactic treatment of hemophilia A over 3 years in Italy. Patients with moderate and severe hemophilia A receiving prophylaxis were included in the analysis. Epidemiological data were obtained from published literature. Mean product consumption and mean annual bleeding rate for rVIII-SingleChain, rFVIIIFc, octocog alfa and BAY 81-8973 were based on pooled real-world data from Italy, Germany and US. A budget impact model has been developed in order to compare two scenarios: a base-case scenario where current rVIII-SingleChain shares are kept constant over 3 years and an alternative scenario where rVIII-SingleChain shares increase by taking from other rFVIII products. Analysis 1 was based on the current Italian list prices and Analysis 2 considered current regional acquisition prices for both scenarios. Annually, adult patients treated with rVIII-SingleChain prophylaxis are expected to consume 324,589 units per patient, resulting in annual costs of €240,196 per patient. In Analysis 1, comparing the base case (constant market share of 9% rVIII-SingleChain over time) with the alternative scenario (higher rVIII-SingleChain market share and increasing from 15% in the first year to 25% in the third year), the total expenditure for prophylaxis using rFVIII products is expected to decrease by €1.4 million in Year 1, by €3.1 million in Year 2 and by €5.4 million in Year 3. In Analysis 2 based on regional prices, the results remained consistent. This analysis suggests that increasing utilization of rVIII-SingleChain in hemophilia A patients may lead to cost savings as a result of reduced consumption with uncompromised efficacy in bleed protection. Why was the study done? Hemophilia A is a rare inherited bleeding disorder. People with severe hemophilia are more likely to bleed compared to people without hemophilia and bleeds can occur spontaneously or in response to trauma. Patients are treated with medication to reduce the chance of bleeding. However, the cost of treating patients with hemophilia can be high and place demands on the healthcare system. What did we do and find? This study looked at the cost of treating people with hemophilia in Italy and used a type of economic analysis (called budget impact modelling) to estimate the effect of increasing the use of a particular medication (rVIII-SingleChain), compared to other medications that are available. Different variations of the model were tested to compare a range of scenarios. The results of this analysis suggested that increasing the use of rVIII-SingleChain may lead to cost-savings for the Italian healthcare system, compared to using the other currently available treatments. This analysis suggests that the use of rVIII-SingleChain enables people with hemophilia A to remain protected from bleeds, whilst using less product compared to other available medications. What is the influence of this study on the wider field? This type of analysis can be useful to healthcare systems, to guide the decision-making process regarding which medications to use or when making decisions related to healthcare policy.

Italy IT: Civil GBARD: Current PPP: Education and Social Programmes data was reported at 1.562 USD bn in 2022. This records an increase from the previous number of 1.447 USD bn for 2021. Italy IT: Civil GBARD: Current PPP: Education and Social Programmes data is updated yearly, averaging 459.101 USD mn from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 2.372 USD bn in 2010 and a record low of 44.369 USD mn in 1981. Italy IT: Civil GBARD: Current PPP: Education and Social Programmes 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.

Military Expenditure in Italy increased to 37964.60 USD Million in 2024 from 36933.20 USD Million in 2023. Italy Military Expenditure - values, historical data, forecasts and news - updated on September of 2025.

In 2024, the average amount Italian consumers between the ages of 16 to 24 years old intended to spend during Black Friday reached around *** euros, much lower than the budget of shoppers aged 45 to 54 years old.

Italy IT: Health and Environment Programmes: % of Civil GBARD data was reported at 21.968 % in 2022. This records an increase from the previous number of 20.098 % for 2021. Italy IT: Health and Environment Programmes: % of Civil GBARD data is updated yearly, averaging 11.788 % from Dec 1981 (Median) to 2022, with 39 observations. The data reached an all-time high of 21.968 % in 2022 and a record low of 6.898 % in 1981. Italy IT: Health and Environment Programmes: % of Civil 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.

In 2024, the average budget Italian men intended to spend during Black Friday amounted to around *** euros. In the same year, women in Italy expected to spend slightly less, about *** euros.

Italy IT: Energy Public RD&D Budget: % of GDP data was reported at 0.040 % in 2020. This stayed constant from the previous number of 0.040 % for 2019. Italy IT: Energy Public RD&D Budget: % of GDP data is updated yearly, averaging 0.030 % from Dec 1990 (Median) to 2020, with 29 observations. The data reached an all-time high of 0.080 % in 1990 and a record low of 0.020 % in 2005. Italy IT: Energy Public RD&D Budget: % of GDP 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.GGI: Governance: Research and Development Expenditure: OECD Member: Annual.

Interest payments (% of revenue) in Italy was reported at 8.9438 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.