Guinea Government Budget

Guinea recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea is reported by the Central Bank of Republic of Guinea. Government Budget in Guinea averaged -3.61 Percent of GDP from 1998 until 2012, reaching an all time high of 0.50 Percent of GDP in 2007 and a record low of -13.90 Percent of GDP in 2010. 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 Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.40 -0.30 0.50 -13.90 -8.64 | 2013/12 1998 - 2012 Percent of GDP Yearly

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Guinea Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 64.12 2011-12-31 68.03 113.00 64.12 63.87 2012-12-31 Percent [+]
Government Budget -1.40 2012-12-31 -0.30 0.50 -13.90 -8.64 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

Guinea Interest Rate at 16.00 Percent  
The benchmark interest rate in Guinea was last recorded at 16 percent. Interest Rate in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Personal Income Tax Rate at 40.00 percent  
The Personal Income Tax Rate in Guinea stands at 40 percent. Personal Income Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Guinea stands at 35 percent. Corporate Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Guinea stands at 18 percent. Sales Tax Rate in Guinea is reported by the Ministry of Economy and Finance.
Guinea Balance of Trade at -103.83 USD Million  
Guinea recorded a trade deficit of 103.83 USD Million in the second quarter of 2013. Balance of Trade in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Current Account at -321.96 USD Million  
Guinea recorded a Current Account deficit of 321.96 USD Million in the second quarter of 2013. Current Account in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Government Budget at -1.40 Percent of GDP  
Guinea recorded a Government Budget deficit equal to 1.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Guinea is reported by the Central Bank of Republic of Guinea.
Guinea Unemployment Rate at 22.30 Percent  
The unemployment rate in Guinea was last reported at 22.3 percent in 2009. Unemployment Rate in Guinea is reported by the INS, Guinea.
Guinea Inflation Rate at 10.30 Percent  
The inflation rate in Guinea was recorded at 10.30 percent in November of 2013. Inflation Rate in Guinea is reported by the Institut National de la Statistique de Guinée.
Guinea Current Account to GDP at -18.28 Percent  
Guinea recorded a Current Account deficit of 18.28 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Guinea is reported by the Central Bank of Republic of Guinea.
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