Comoros recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2019.

Government Budget in Comoros averaged -1.35 percent of GDP from 2003 until 2019, reaching an all time high of 4.60 percent of GDP in 2015 and a record low of -3.80 percent of GDP in 2003. This page provides - Comoros Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Comoros Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Comoros is expected to reach -4.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Comoros Government Budget is projected to trend around -4.00 percent of GDP in 2021 and -3.40 percent of GDP in 2022, according to our econometric models.

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Comoros Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.60 -3.10 4.60 -3.80 2003 - 2019 percent of GDP Yearly

Comoros Government Last Previous Highest Lowest Unit
Government Debt to GDP 31.20 28.70 78.10 28.70 percent [+]
Government Budget -2.60 -3.10 4.60 -3.80 percent of GDP [+]
Credit Rating 15.00 [+]

Comoros 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.