Laos Government Budget

Laos recorded a Government Budget deficit equal to 7.90 percent of the countrys Gross Domestic Product in 2012. Government Budget in Laos is reported by the Bank of the Lao P.D.R. From 2000 until 2012, Laos Government Budget averaged -6.7 Percent of GDP reaching an all time high of -4.7 Percent of GDP in December of 2002 and a record low of -8.9 Percent of GDP in December of 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 - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-7.90 -7.90 -4.71 -8.90 -7.12 | 2013/12 2000 - 2012 Percent of GDP Yearly

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Laos Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 33.43 2012-12-31 36.52 81.70 33.43 33.13 2013-12-31 Percent [+]
Government Budget -7.90 2012-12-31 -7.90 -4.71 -8.90 -7.12 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

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.
Laos Interest Rate at 5.00 Percent  
The benchmark interest rate in Laos was last recorded at 5 percent. Interest 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 Current Account at 36.99 USD Million  
Laos recorded a Current Account surplus of 36.99 USD Million in the second quarter of 2013. Current Account in Laos is reported by the Bank of the Lao PDR.
Laos Imports at 648.80 USD Million  
Imports in Laos decreased to 648.80 USD Million in the second quarter of 2013 from 657.85 USD Million in the first quarter of 2013. Imports in Laos is reported by the Bank of the Lao PDR.
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