Equatorial Guinea Government Budget

Equatorial Guinea recorded a Government Budget deficit equal to 3 percent of the countrys Gross Domestic Product in 2012. Government Budget in Equatorial Guinea is reported by the Bank of Central African States. From 2002 until 2012, Equatorial Guinea Government Budget averaged 7.7 Percent of GDP reaching an all time high of 26.2 Percent of GDP in December of 2006 and a record low of -7.9 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 - Equatorial Guinea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.00 -2.30 26.20 -7.90 -2.42 | 2013/12 2002 - 2012 Percent of GDP Yearly

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Equatorial Guinea Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 4.70 2011-12-31 5.00 10.40 0.70 5.84 2012-12-31 Percent [+]
Government Budget -3.00 2012-12-31 -2.30 26.20 -7.90 -2.42 2013-12-31 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.


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Equatorial Guinea Crude Oil Production at 279.00 Thousands Barrels per Day  
Crude Oil Production in Equatorial Guinea increased to 279 Thousands Barrels per Day in October of 2013 from 269 Thousands Barrels per Day in September of 2013. Crude Oil Production in Equatorial Guinea is reported by the U.S. Energy Information Administration.
Equatorial Guinea Interest Rate at 3.25 Percent  
The benchmark interest rate in Equatorial Guinea was last recorded at 3.25 percent. Interest Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Equatorial Guinea stands at 35 percent. Personal Income Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Equatorial Guinea stands at 35 percent. Corporate Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Government Debt To GDP at 4.70 Percent  
Equatorial Guinea recorded a Government Debt to GDP of 4.70 percent of the country's Gross Domestic Product in 2011. Government Debt To GDP in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea GDP Annual Growth Rate at 5.50 Percent  
The Gross Domestic Product (GDP) in Equatorial Guinea expanded 5.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Equatorial Guinea stands at 15 percent. Sales Tax Rate in Equatorial Guinea is reported by the Ministry of Finance.
Equatorial Guinea Balance of Trade at 2723.70 CFA Franc Billion  
Equatorial Guinea recorded a trade surplus of 2723.70 CFA Franc Billion in 2010. Balance of Trade in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Current Account at -352.70 CFA Franc Billion  
Equatorial Guinea recorded a Current Account deficit of 352.70 CFA Franc Billion in 2010. Current Account in Equatorial Guinea is reported by the Bank of Central African States.
Equatorial Guinea Inflation Rate at 3.10 Percent  
The inflation rate in Equatorial Guinea was recorded at 3.10 percent in 2013. Inflation Rate in Equatorial Guinea is reported by the Bank of Central African States.
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