Laos Government Budget

Laos recorded a Government Budget deficit equal to 12.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Laos is reported by the Bank of the Lao PDR. Government Budget in Laos averaged -7.13 Percent of GDP from 2000 until 2013, reaching an all time high of -4.71 Percent of GDP in 2002 and a record low of -12.40 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 - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-12.40 -7.90 -4.71 -12.40 -13.15 | 2014/06 2000 - 2013 Percent of GDP Yearly

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Laos Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 33.43 2012-12-31 36.52 81.70 33.43 27.71 2014-06-30 Percent [+]
Government Budget -12.40 2013-12-31 -7.90 -4.71 -12.40 -13.15 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

Laos Government Budget at -12.40 Percent of GDP  
Laos recorded a Government Budget deficit equal to 12.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Laos is reported by the Bank of the Lao PDR.
Laos GDP Annual Growth Rate at 7.93 Percent  
The Gross Domestic Product (GDP) in Laos expanded 7.93 percent in 2012 from the previous year. GDP Annual Growth Rate in Laos is reported by the Bank of the Lao PDR.
Laos Current Account to GDP at 2.30 Percent  
Laos recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Laos is reported by the Bank of the Lao PDR.
Laos Exports at 565.54 USD Million  
Exports in Laos increased to 565.54 USD Million in the second quarter of 2013 from 525.44 USD Million in the first quarter of 2013. Exports in Laos is reported by the Bank of the Lao PDR.
Laos Inflation Rate at 5.66 Percent  
The inflation rate in Laos was recorded at 5.66 percent in February of 2014. Inflation Rate in Laos is reported by the Bank of the Lao PDR.
Laos Personal Income Tax Rate at 24.00 percent  
The Personal Income Tax Rate in Laos stands at 24 percent. Personal Income Tax Rate in Laos is reported by the Ministry of Finance.
Laos Corporate Tax Rate at 24.00 percent  
The Corporate Tax Rate in Laos stands at 24 percent. Corporate Tax Rate in Laos is reported by the Ministry of Finance.
Laos Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Laos stands at 10 percent. Sales Tax Rate in Laos is reported by the Ministry of Finance.
Laos Government Debt To GDP at 33.43 Percent  
Laos recorded a Government Debt to GDP of 33.43 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Laos is reported by the Bank of the Lao PDR.
Laos Balance of Trade at -83.26 USD Million  
Laos recorded a trade deficit of 83.26 USD Million in the second quarter of 2013. Balance of Trade in Laos is reported by the Bank of the Lao PDR.
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