Budget surplus (+) or deficit (-): 16.1% of GDP (2012 est.)
Definition: This entry records the difference between national
government revenues and expenditures, expressed as a percent of
GDP. A positive (+) number indicates that revenues exceeded
expenditures (a budget surplus), while a negative (-) number
indicates the reverse (a budge deficit). Normalizing the data,
by dividing the budget balance by GDP, enables easy comparisons
across countries and indicates whether a national government
saves or borrows money. Countries with high budget deficits
(relative to their GDPs) generally have more difficulty raising
funds to finance expenditures, than those with lower deficits.
Source: CIA World Factbook - Unless otherwise noted, information
in this page is accurate as of February 21, 2013 © 2013
IndexMundi. All rights reserved.