Angola recorded a Government Budget deficit equal to 0.70 percent of the country's Gross Domestic Product in 2019.

Government Budget in Angola averaged 1.92 percent of GDP from 2003 until 2019, reaching an all time high of 11.40 percent of GDP in 2007 and a record low of -7 percent of GDP in 2003. This page provides - Angola Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Angola Government Budget - values, historical data and charts - was last updated on September of 2020.

Government Budget in Angola is expected to reach -4.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Government Budget is projected to trend around -1.80 percent of GDP in 2021 and -1.30 percent of GDP in 2022, according to our econometric models.

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Angola Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -2.80 11.40 -7.00 2003 - 2019 percent of GDP Yearly

Angola Government Last Previous Highest Lowest Unit
Government Debt to GDP 111.00 80.50 111.00 16.10 percent [+]
Government Budget -0.70 -2.80 11.40 -7.00 percent of GDP [+]
Government Revenues 5986.10 4404.20 5986.10 394.90 AOA Billion [+]
Fiscal Expenditure 5980.00 5209.00 5980.00 467.50 AOA Billion [+]
Military Expenditure 2508.00 3063.00 7798.00 207.00 USD Million [+]
Credit Rating 21.00 [+]
Government Spending 4956.30 4230.90 4956.30 390.80 AOA Billion [+]
Government Budget Value 6.10 -804.70 1000.90 -1139.90 AOA Billion [+]


Angola Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.