Libya recorded a Government Budget deficit equal to 103 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Lybia
Government Budget in Libya averaged -19.27 percent of GDP from 2003 until 2020, 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 June of 2022.
Government Budget in Libya is expected to reach -8.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Government Budget is projected to trend around -10.00 percent of GDP in 2023 and -7.00 percent of GDP in 2024, according to our econometric models.