East Timor Government Budget
East Timor recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2012. Government Budget in East Timor averaged 1.59 Percent of GDP from 2004 until 2012, reaching an all time high of 11.38 Percent of GDP in 2004 and a record low of -2.40 Percent of GDP in 2011. Government Budget in East Timor is reported by the National Statistics Directorate, Timor.
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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 - East Timor Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.