Vietnam recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2020. source: Asian Development Bank

Government Budget in Vietnam averaged -2.90 percent of GDP from 1988 until 2020, reaching an all time high of 1.20 percent of GDP in 2006 and a record low of -9.90 percent of GDP in 1988. This page provides - Vietnam Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Government Budget - values, historical data and charts - was last updated on December of 2021.

Government Budget in Vietnam is expected to reach -5.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Government Budget is projected to trend around -4.50 percent of GDP in 2022 and -4.00 percent of GDP in 2023, according to our econometric models.

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Vietnam Government Budget

Related Last Previous Unit Reference
Government Budget -5.80 -4.40 percent of GDP Dec/20
Government Budget Value -280105.00 -203441.00 VND Billion Dec/20
Fiscal Expenditure 1787950.00 1754515.00 VND Billion Dec/20
Vietnam 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.