Albania recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2023. Government Budget in Albania averaged -5.58 percent of GDP from 1993 until 2023, reaching an all time high of -1.40 percent of GDP in 2023 and a record low of -12.60 percent of GDP in 1997. source: Ministry of Finance of the Republic of Albania

Government Budget in Albania is expected to reach -2.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Government Budget is projected to trend around -2.60 percent of GDP in 2025 and -2.40 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Fiscal Expenditure 575332.00 519226.00 ALL Million Nov 2024
Government Budget -1.40 -3.70 percent of GDP Dec 2023
Government Budget Value 71675.00 70586.00 ALL Million Nov 2024
Government Debt 1314141.00 1319965.00 ALL Million Sep 2024
Government Debt to GDP 58.90 64.50 percent of GDP Dec 2023
Government Revenues 647007.00 589813.00 ALL Million Nov 2024
Government Spending to GDP 29.20 30.40 percent of GDP Dec 2023

Albania Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a 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
-1.40 -3.70 -1.40 -12.60 1993 - 2023 percent of GDP Yearly