Uruguay recorded a Government Budget deficit equal to 3.56 percent of the country’s Gross Domestic Product in 2015. Government Budget in Uruguay averaged -2.39 percent of GDP from 1999 until 2015, reaching an all time high of -0.50 percent of GDP in 2007 and a record low of -3.84 percent of GDP in 2002. Government Budget in Uruguay is reported by the Inter-American Development Bank. 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 – Uruguay 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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