Ethiopia Government Budget

Ethiopia recorded a Government Budget surplus equal to 0.20 percent of the countrys Gross Domestic Product in 2012. Government Budget in Ethiopia is reported by the National Bank of Ethiopia. From 1990 until 2012, Ethiopia Government Budget averaged -3.4 Percent of GDP reaching an all time high of 6.6 Percent of GDP in December of 2003 and a record low of -8.9 Percent of GDP in December of 2000. 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 - Ethiopia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.20 -1.60 6.60 -8.90 -0.53 | 2013/12 1990 - 2012 Percent of GDP Yearly

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Ethiopia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 17.00 2011-12-31 20.20 93.21 10.70 16.90 2012-12-31 percent [+]
Government Budget 0.20 2012-12-31 -1.60 6.60 -8.90 -0.53 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.


RELATED NEWS

Ethiopia Current Account to GDP at -6.60 Percent  
Ethiopia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Inflation Rate at 8.80 percent  
The inflation rate in Ethiopia was recorded at 8.80 percent in March of 2014. Inflation Rate in Ethiopia is reported by the Central Statistical Agency of Ethiopia.
Ethiopia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Ethiopia stands at 35 percent. Personal Income Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Ethiopia stands at 30 percent. Corporate Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Imports at 2919.50 USD Million  
Imports in Ethiopia increased to 2919.50 USD Million in the third quarter of 2013 from 2669.30 USD Million in the second quarter of 2013. Imports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Exports at 631.10 USD Million  
Exports in Ethiopia decreased to 631.10 USD Million in the third quarter of 2013 from 847.90 USD Million in the second quarter of 2013. Exports in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Balance of Trade at -2288.40 USD Million  
Ethiopia recorded a trade deficit of 2288.40 USD Million in the third quarter of 2013. Balance of Trade in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Current Account at -1141.40 USD Million  
Ethiopia recorded a Current Account deficit of 1141.40 USD Million in the third quarter of 2013. Current Account in Ethiopia is reported by the National Bank of Ethiopia.
Ethiopia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Ethiopia stands at 15 percent. Sales Tax Rate in Ethiopia is reported by the Ethiopian Revenues and Customs Authority.
Ethiopia Interest Rate at 5.00 percent  
The benchmark interest rate in Ethiopia was last recorded at 5 percent. Interest Rate in Ethiopia is reported by the National Bank of Ethiopia.
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