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 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 in Laos is reported by the Bank of the Lao PDR.
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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 - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.