Ecuador recorded a Government Budget deficit equal to 4 percent of the country’s Gross Domestic Product in 2013. Government Budget in Ecuador averaged -1.34 percent of GDP from 1983 until 2013, reaching an all time high of 3.27 percent of GDP in 2006 and a record low of -10.94 percent of GDP in 1987. Government Budget in Ecuador is reported by the Ministry of Finance, Ecuador. 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 – Ecuador Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
The post Ecuador Government Budget appeared first on Central bank.