Cape Verde Government Budget
Cape Verde recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Cape Verde averaged -5 Percent of GDP from 2002 until 2013, 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.
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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.