Guinea Bissau Government Budget
Guinea Bissau recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2013. Government Budget in Guinea Bissau averaged -2.85 Percent of GDP from 2002 until 2013, reaching an all time high of 3.60 Percent of GDP in 2009 and a record low of -9.50 Percent of GDP in 2006. Government Budget in Guinea Bissau is reported by the Central Bank of West African States (BCEAO).
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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 - Guinea Bissau Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.