Cayman Islands Government Budget

Cayman Islands recorded a Government Budget deficit equal to 1.10 percent of the countrys Gross Domestic Product in 2012. Government Budget in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office. From 2004 until 2012, Cayman Islands Government Budget averaged -2.6 Percent of GDP reaching an all time high of 3.3 Percent of GDP in December of 2006 and a record low of -8.1 Percent of GDP in December of 2009. 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 - Cayman Islands Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.10 -2.30 3.30 -8.10 -0.38 | 2013/12 2004 - 2012 Percent of GDP Yearly

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Cayman Islands Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 24.90 2011-12-31 24.70 24.90 7.50 24.82 2012-12-31 Percent [+]
Government Budget -1.10 2012-12-31 -2.30 3.30 -8.10 -0.38 2013-12-31 Percent of GDP [+]
Credit Rating 85.00 [+]
[+]


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

Cayman Islands Balance of Trade at -174.70 KYD Million  
Cayman Islands recorded a trade deficit of 174.70 KYD Million in the second quarter of 2013. Balance of Trade in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Imports at 214.40 KYD Million  
Imports in Cayman Islands increased to 214.40 KYD Million in the fourth quarter of 2013 from 187.50 KYD Million in the third quarter of 2013. Imports in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Exports at 3.50 KYD Million  
Exports in Cayman Islands increased to 3.50 KYD Million in the second quarter of 2013 from 2.30 KYD Million in the first quarter of 2013. Exports in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands GDP Annual Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Cayman Islands expanded 0.80 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Population at 0.06 Million  
The total population in Cayman Islands was last recorded at 0.1 million people in 2012 from 0.0 million in 1960, changing 500 percent during the last 50 years. Population in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Inflation Rate at 1.70 Percent  
The inflation rate in Cayman Islands was recorded at 1.70 percent in the fourth quarter of 2013. Inflation Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Personal Income Tax Rate at 0.00 percent  
The Personal Income Tax Rate in Cayman Islands stands at 0 percent. Personal Income Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Cayman Islands stands at 0 percent. Corporate Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands Current Account at -467.00 KYD Million  
Cayman Islands recorded a Current Account deficit of 467 KYD Million in 2012. Current Account in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Government Budget at -1.10 Percent of GDP  
Cayman Islands recorded a Government Budget deficit equal to 1.10 percent of the countrys Gross Domestic Product in 2012. Government Budget in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
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