Nicaragua recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2018.

Government Budget in Nicaragua averaged -0.85 percent of GDP from 1990 until 2018, reaching an all time high of 3.22 percent of GDP in 1991 and a record low of -8.56 percent of GDP in 1990. This page provides - Nicaragua Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Nicaragua is expected to reach -4.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Government Budget is projected to trend around -3.00 percent of GDP in 2021 and -2.50 percent of GDP in 2022, according to our econometric models.

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Nicaragua Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.60 -1.50 3.22 -8.56 1990 - 2018 percent of GDP Yearly

Nicaragua Government Last Previous Highest Lowest Unit
Government Debt to GDP 52.50 46.80 169.10 44.60 percent [+]
Government Budget -2.60 -1.50 3.22 -8.56 percent of GDP [+]
Government Budget Value -303.08 -2945.64 3782.91 -4529.47 NIO Million [+]
Government Spending 16119.40 15389.60 17602.10 8293.70 NIO Million [+]
Government Revenues 6003.10 5111.80 11169.40 630.55 NIO Million [+]
Fiscal Expenditure 4631.38 7035.54 8136.08 627.89 NIO Million [+]
Military Expenditure 81.30 86.70 98.10 0.10 USD Million [+]
Credit Rating 25.00 [+]
Government Debt 7304.10 7164.30 7304.10 5659.60 USD Million [+]

Nicaragua 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.