Government budget and debt · Italy
Italy Government Budget
The Italy Government Budget measures the public finances of Italy: the budget balance (revenue minus spending), revenue, or debt relative to the size of the economy.
- Importance
- Medium
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banca d'Italia)
Latest figures
The latest release for 2025, published on 2 March 2026, came in at -3.1%, up from -3.4% the time before.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 2 Mar 2026 | 2025 | -3.1% | – | -3.4% |
| 3 Mar 2025 | 2024 | -3.4% | – | -7.2% |
Why it matters
Large deficits mean more government borrowing, which can push bond yields up and, if markets lose confidence, weigh on the currency. Debt ratios matter for credit ratings and for euro-area rules.
How it is calculated
The finance ministry or statistics office reports cash revenue and spending each month or quarter; debt is the stock of government borrowing, usually shown as a share of GDP.
Budget balance = revenue − spending
Debt ratio = government debt ÷ GDP × 100What changes mean
- Markets react mostly to surprises that change the borrowing plan.
- Rising debt is more worrying when interest rates are above growth rates.
A short history
Public debt has financed wars since the Bank of England was founded in 1694 to lend to the government; the euro area's 3% deficit and 60% debt rules date from the Maastricht Treaty (1992).
Questions
What is the Italy Government Budget?
The Italy Government Budget measures the public finances of Italy: the budget balance (revenue minus spending), revenue, or debt relative to the size of the economy.
What was the latest Italy Government Budget?
-3.1% for 2025, published on 2 March 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.