Cape Verde Government Budget

Cape Verde recorded a Government Budget deficit equal to 14 percent of the countrys Gross Domestic Product in 2012. Government Budget in Cape Verde is reported by the Bank of Cape Verde. From 2002 until 2012, Cape Verde Government Budget averaged -5.9 Percent of GDP reaching an all time high of -1.3 Percent of GDP in December of 2007 and a record low of -14.0 Percent of GDP in December of 2012. 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 - Cape Verde Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-14.00 -9.00 -1.30 -14.00 -16.19 | 2013/12 2002 - 2012 Percent of GDP Yearly

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Cape Verde Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 57.00 2011-12-31 77.60 102.00 57.00 55.69 2012-12-31 Percent of GDP [+]
Government Budget -14.00 2012-12-31 -9.00 -1.30 -14.00 -16.19 2013-12-31 Percent of GDP [+]
Credit Rating 35.00 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Cape Verde Inflation Rate at 0.60 Percent  
The inflation rate in Cape Verde was recorded at 0.60 percent in March of 2014. Inflation Rate in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Interest Rate at 8.25 Percent  
The benchmark interest rate in Cape Verde was last recorded at 8.25 percent. Interest Rate in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Cape Verde stands at 15 percent. Sales Tax Rate in Cape Verde is reported by the Ministry of Finance.
Cape Verde Balance of Trade at -4504.30 CVE Million  
Cape Verde recorded a trade deficit of 4504.30 CVE Million in November of 2013. Balance of Trade in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Imports at 4989.99 CVE Million  
Imports in Cape Verde decreased to 4989.99 CVE Million in November of 2013 from 6720.37 CVE Million in October of 2013. Imports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Exports at 485.69 CVE Million  
Exports in Cape Verde decreased to 485.69 CVE Million in November of 2013 from 591.68 CVE Million in October of 2013. Exports in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Current Account at -562.42 CVE Million  
Cape Verde recorded a Current Account deficit of 562.42 CVE Million in the third quarter of 2013. Current Account in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Consumer Confidence at 13.00  
Consumer Confidence in Cape Verde decreased to 13 in the fourth quarter of 2013 from 16 in the third quarter of 2013. Consumer Confidence in Cape Verde is reported by the INE, Cape Verde.
Cape Verde Foreign Exchange Reserves at 33516.90 Escudo Million  
Gross Foreign Exchange Reserves in Cape Verde decreased to 33516.90 Escudo Million in October of 2013 from 33673 Escudo Million in September of 2013. Foreign Exchange Reserves in Cape Verde is reported by the Banco de Cabo Verde.
Cape Verde Money Supply M2 at 129469.60 Escudo Million  
Money Supply M2 in Cape Verde increased to 129469.60 Escudo Million in October of 2013 from 129306.90 Escudo Million in September of 2013. Money Supply M2 in Cape Verde is reported by the Banco de Cabo Verde.
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