Italy EUR

Italy Government Budget

Info

History

Chart

Impact:

High

Source: National Institute of Statistics (ISTAT)

Latest Release:

Date:

Surprise:

0.4%

EUR

Actual:

-3.4%

Forecast: -3.8%

Previous/Revision:

-7.2%

Period: 2024

What Does It Measure?

The Italy Government Budget measures the financial plan of the Italian government, specifically focusing on government revenue and expenditures. It assesses key components such as public spending, taxation, and the overall fiscal balance, indicating whether the government operates at a deficit or surplus.

Frequency

The Italy Government Budget report is released annually, with preliminary estimates typically published in the fall, followed by final figures in the following year.

Why Do Traders Care?

Traders care about the Italy Government Budget because it provides crucial insights into the government's financial health, impacting investor confidence and economic forecasts. Significant changes in the budget can influence the country’s debt ratings, currency strength, and stock market performance.

What Is It Derived From?

The budget is derived from comprehensive government financial planning processes, incorporating data from various ministries, state agencies, and economic forecasts. Key methodologies include assessments of historical revenue collections, projected economic growth, and expenditure estimates based on policy initiatives.

Description

The preliminary government budget outlines initial projections and is subject to revisions prior to final approval, providing a glimpse into fiscal priorities and potential policy changes. While preliminary reports can sway market sentiment due to their timeliness, final figures offer more accurate reflections of fiscal policy, which can subsequently adjust market perceptions.

Additional Notes

This budget indicator serves as a leading economic measure, reflecting government intentions that may affect overall economic activity. Comparatively, it relates closely to other fiscal reports such as the GDP growth rate and inflation indices, depicting broader economic trends in Italy and influencing evaluations against other European economies.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 03, 2025	-3.4%	-3.8%	-7.2%	0.4%
Mar 01, 2024	-7.2%	-5.2%	-8.6%	-2%
Mar 01, 2023	-8%		-9%
Mar 01, 2022	-7.2%	-5.5%	-9.6%	-1.7%
Mar 01, 2021	-9.5%	-10%	-1.6%	0.5%
Mar 02, 2020	-1.6%	-2.6%	-2.2%	1%
Mar 01, 2019	-2.1%	-2.6%	-2.4%	0.5%