Maldives recorded a Government Budget deficit equal to 5.70 percent of the country's Gross Domestic Product in 2019.

Government Budget in Maldives averaged -5.89 percent of GDP from 1997 until 2019, reaching an all time high of -1.15 percent of GDP in 2004 and a record low of -20.50 percent of GDP in 2009. This page provides - Maldives Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Maldives Government Budget - values, historical data and charts - was last updated on April of 2020.

Government Budget in Maldives is expected to reach -14.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Maldives Government Budget is projected to trend around -19.00 percent of GDP in 2021 and -10.00 percent of GDP in 2022, according to our econometric models.

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Maldives Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -5.20 -1.15 -20.50 1997 - 2019 percent of GDP Yearly
Government Budget by Country

Maldives Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.70 22.30 53.70 16.20 percent [+]
Government Budget -5.70 -5.20 -1.15 -20.50 percent of GDP [+]
Credit Rating 32.00 [+]
Government Budget Value -1063.80 -463.60 1299.70 -2213.30 MVR Million [+]
Government Revenues 1453.50 2315.90 3090.60 739.30 MVR Million [+]
Fiscal Expenditure 2517.30 2779.40 3795.80 1061.20 MVR Million [+]


Maldives 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.