Cape Verde recorded a Government Budget deficit equal to 4.10 percent of the country’s Gross Domestic Product in 2015. Government Budget in Cape Verde averaged -5.24 percent of GDP from 2002 until 2015, reaching an all time high of -0.80 percent of GDP in 2004 and a record low of -10.50 percent of GDP in 2010. Government Budget in Cape Verde is reported by the Banco de Cabo Verde. 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. This page provides the latest reported value for – Cape Verde Government Budget – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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