Government Budget in Laos increased to -3.20 percent of GDP in 2019 from -4.60 percent of GDP in 2018. source: Bank of the Lao PDR

Government Budget in Laos averaged -5.89 percent of GDP from 2000 until 2019, reaching an all time high of -2.80 percent of GDP in 2014 and a record low of -8.90 percent of GDP in 2010. This page provides - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Government Budget - values, historical data and charts - was last updated on June of 2021.

Government Budget in Laos is expected to reach -7.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Government Budget is projected to trend around -8.00 percent of GDP in 2022, according to our econometric models.

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Laos Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -4.60 -2.80 -8.90 2000 - 2019 percent of GDP Yearly

Laos Government Last Previous Highest Lowest Unit
Government Debt to GDP 52.64 51.41 81.70 33.61 percent of GDP [+]
Government Budget -3.20 -4.60 -2.80 -8.90 percent of GDP [+]
Credit Rating 20.00 [+]
Government Budget Value -5295.00 -7059.10 -89.40 -7811.00 LAK Billion [+]
Government Revenues 25328.67 23943.80 25328.67 275.00 LAK Billion [+]
Fiscal Expenditure 30623.68 31001.90 31001.90 364.40 LAK Billion [+]

Laos 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.