Dominican Republic Government Budget

Dominican Republic recorded a Government Budget deficit equal to 6.64 percent of the countrys Gross Domestic Product in 2012. Government Budget in Dominican Republic is reported by the Central American Monetary Council. From 1991 until 2012, Dominican Republic Government Budget averaged -1.2 Percent of GDP reaching an all time high of 2.7 Percent of GDP in December of 1991 and a record low of -6.6 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 - Dominican Republic Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.64 -2.63 2.69 -6.64 -6.76 | 2013/12 1991 - 2012 Percent of GDP Yearly

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Dominican Republic Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 45.71 2012-12-31 42.85 45.71 33.59 47.93 2013-12-31 Percent [+]
Government Budget -6.64 2012-12-31 -2.63 2.69 -6.64 -6.76 2013-12-31 Percent of GDP [+]
Credit Rating 32.50 [+]
[+]


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

Dominican Republic Inflation Rate at 2.99 Percent  
The inflation rate in Dominican Republic was recorded at 2.99 percent in March of 2014. Inflation Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Consumer Price Index (CPI) at 116.98 Index Points  
Consumer Price Index (CPI) in Dominican Republic increased to 116.98 Index Points in February of 2014 from 116.58 Index Points in January of 2014. Consumer Price Index (CPI) in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Interest Rate at 6.25 Percent  
The benchmark interest rate in Dominican Republic was last recorded at 6.25 percent. Interest Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Dominican Republic stands at 25 percent. Personal Income Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Corporate Tax Rate at 28.00 percent  
The Corporate Tax Rate in Dominican Republic stands at 28 percent. Corporate Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Dominican Republic stands at 18 percent. Sales Tax Rate in Dominican Republic is reported by the Direccion General de Impuestos Internos.
Dominican Republic Balance of Trade at -630.50 USD Million  
Dominican Republic recorded a trade deficit of 630.50 USD Million in June of 2013. Balance of Trade in Dominican Republic is reported by the Central American Monetary Council.
Dominican Republic Unemployment Rate at 15.00 Percent  
Unemployment Rate in Dominican Republic remained unchanged at 15 percent in September of 2013 from 15 percent in March of 2013. Unemployment Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Gdp Growth Rate at 0.76 Percent  
The Gross Domestic Product (GDP) in Dominican Republic expanded 0.76 percent in the third quarter of 2013 over the previous quarter. Gdp Growth Rate in Dominican Republic is reported by the Central Bank of Dominican Republic.
Dominican Republic Current Account at -958.70 USD Million  
Dominican Republic recorded a Current Account deficit of 958.70 USD Million in the third quarter of 2013. Current Account in Dominican Republic is reported by the Central Bank of Dominican Republic.
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