Laos recorded a Government Budget deficit equal to 4.20 percent of the country’s Gross Domestic Product in 2014. Government Budget in Laos averaged -6.93 percent of GDP from 2000 until 2014, reaching an all time high of -4.20 percent of GDP in 2014 and a record low of -12.40 percent of GDP in 2013. Government Budget in Laos is reported by the Bank of the Lao PDR. 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 – Laos Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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