Congo Government Budget

Congo recorded a Government Budget deficit equal to 6.30 percent of the countrys Gross Domestic Product in 2011. Government Budget in Congo is reported by the Banque Centrale du Congo. From 1990 until 2011, Congo Government Budget averaged -3.1 Percent of GDP reaching an all time high of 1.2 Percent of GDP in December of 2010 and a record low of -14.4 Percent of GDP in December of 1991. 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 - Congo Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.30 1.20 1.20 -14.37 -19.10 | 2014/06 1990 - 2011 Percent of GDP Yearly

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Congo Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 47.00 2011-12-31 33.70 289.84 33.70 -26.13 2014-06-30 Percent [+]
Government Budget -6.30 2011-12-31 1.20 1.20 -14.37 -19.10 2014-06-30 Percent of GDP [+]
Credit Rating 15.00 [+]
[+]


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

Congo Interest Rate at 2.00 percent  
The benchmark interest rate in Congo was last recorded at 2 percent. Interest Rate in Congo is reported by the Banque Centrale du Congo.
Congo Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Congo stands at 30 percent. Personal Income Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Inflation Rate at 1.21 percent  
The inflation rate in Congo was recorded at 1.21 percent in February of 2014. Inflation Rate in Congo is reported by the Banque Centrale du Congo.
Congo Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Congo stands at 35 percent. Corporate Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Sales Tax Rate | VAT at 13.00 Percent  
The Sales Tax Rate in Congo stands at 13 percent. Sales Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Balance of Trade at 101.50 USD Million  
Congo recorded a trade surplus of 101.50 USD Million in 2013. Balance of Trade in Congo is reported by the Banque Centrale du Congo.
Congo Current Account at -2451.30 USD Million  
Congo recorded a Current Account deficit of 2451.30 USD Million in 2013. Current Account in Congo is reported by the Banque Centrale du Congo.
Congo Imports at 9488.70 USD Million  
Imports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8355.70 USD Million in 2012. Imports in Congo is reported by the Banque Centrale du Congo.
Congo Exports at 9488.70 USD Million  
Exports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8534.20 USD Million in 2012. Exports in Congo is reported by the Banque Centrale du Congo.
Congo GDP Annual Growth Rate at 8.10 percent  
The Gross Domestic Product (GDP) in Congo is expected to expand 8.10 percent in 2013 from the previous year. GDP Annual Growth Rate in Congo is reported by the Banque Centrale du Congo.
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