Libya Government Budget
Libya recorded a Government Budget deficit equal to 9.30 percent of the country's Gross Domestic Product in 2013. Government Budget in Libya averaged 13.40 Percent of GDP from 2003 until 2013, reaching an all time high of 38.20 Percent of GDP in 2005 and a record low of -15.90 Percent of GDP in 2011. Government Budget in Libya is reported by the Central Bank of Lybia.
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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 - Libya Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.