Gambia Government Budget

Gambia recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Gambia is reported by the Central Bank of The Gambia. Government Budget in Gambia averaged -3.97 Percent of GDP from 2002 until 2013, reaching an all time high of 0.10 Percent of GDP in 2007 and a record low of -8 Percent of GDP in 2013. 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 - Gambia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-8.00 -5.90 0.10 -8.00 -9.08 | 2014/06 2002 - 2013 Percent of GDP Yearly

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Gambia Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 31.40 2011-12-31 39.40 117.40 31.40 30.91 2012-12-31 Percent [+]
Government Budget -8.00 2013-12-31 -5.90 0.10 -8.00 -9.08 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

Gambia Interest Rate at 20.00 Percent  
The benchmark interest rate in Gambia was last recorded at 20 percent. Interest Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Inflation Rate at 5.60 Percent  
The inflation rate in Gambia was recorded at 5.60 percent in December of 2013. Inflation Rate in Gambia is reported by the Central Statistics Department of The Gambia.
Gambia Government Budget at -8.00 Percent of GDP  
Gambia recorded a Government Budget deficit equal to 8 percent of the country's Gross Domestic Product in 2013. Government Budget in Gambia is reported by the Central Bank of The Gambia.
Gambia Sales Tax Rate | VAT at 15.00 Percent  
The Sales Tax Rate in Gambia stands at 15 percent. Sales Tax Rate in Gambia is reported by the Ministry of Finance.
Gambia Current Account to GDP at 11.30 Percent  
Gambia recorded a Current Account surplus of 11.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Gambia is reported by the Central Bank of The Gambia.
Gambia GDP Annual Growth Rate at 5.60 Percent  
The Gross Domestic Product (GDP) in Gambia expanded 5.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Gambia is reported by the Central Bank of The Gambia.
Gambia Balance of Trade at -1159.07 million GMD  
Gambia recorded a trade deficit of 1159.07 million GMD in the third quarter of 2013. Balance of Trade in Gambia is reported by the Central Bank of The Gambia.
Gambia Current Account at 587.48 Dalasi Million  
Gambia recorded a Current Account surplus of 587.48 Dalasi Million in the third quarter of 2013. Current Account in Gambia is reported by the Central Bank of The Gambia.
Gambia Imports at 2306.40 million GMD  
Imports in Gambia decreased to 2306.40 million GMD in the third quarter of 2013 from 2403.40 million GMD in the second quarter of 2013. Imports in Gambia is reported by the Central Bank of The Gambia.
Gambia Exports at 1147.33 million GMD  
Exports in Gambia increased to 1147.33 million GMD in the third quarter of 2013 from 1132.24 million GMD in the second quarter of 2013. Exports in Gambia is reported by the Central Bank of The Gambia.
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