Libya recorded a Government Budget surplus equal to 3.90 percent of the country's Gross Domestic Product in 2018.

Government Budget in Libya averaged -12.01 percent of GDP from 2003 until 2018, reaching an all time high of 38.20 percent of GDP in 2005 and a record low of -131 percent of GDP in 2015. This page provides - Libya Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Libya Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Libya is expected to reach -140.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Budget is projected to trend around -125.00 percent of GDP in 2021 and -80.00 percent of GDP in 2022, according to our econometric models.

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Libya Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
3.90 -43.00 38.20 -131.00 2003 - 2018 percent of GDP Yearly

Libya Government Last Previous Highest Lowest Unit
Government Debt to GDP 16.50 15.30 21.20 6.30 percent [+]
Government Budget 3.90 -43.00 38.20 -131.00 percent of GDP [+]
Credit Rating 15.00 [+]
Government Budget Value -11552.20 -9857.20 28625.70 -22271.20 LYD Million [+]
Government Revenues 57365.20 49143.60 72741.20 8845.20 LYD Million [+]
Fiscal Expenditure 45813.00 39286.40 65283.50 23366.50 LYD Million [+]


Libya 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.