Namibia Government Budget

Namibia recorded a Government Budget deficit equal to 4.60 percent of the countrys Gross Domestic Product in 2012. Government Budget in Namibia is reported by the Bank of Namibia. From 2004 until 2012, Namibia Government Budget averaged -1.5 Percent of GDP reaching an all time high of 5.1 Percent of GDP in December of 2007 and a record low of -7.3 Percent of GDP in December of 2004. 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 - Namibia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.60 -7.10 5.10 -7.30 5.99 | 2014/06 2004 - 2012 Percent of GDP Yearly

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Namibia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 25.30 2012-12-31 21.90 27.50 15.70 31.80 2014-06-30 Percent [+]
Government Budget -4.60 2012-12-31 -7.10 5.10 -7.30 5.99 2014-06-30 Percent of GDP [+]
Government Spending 23877.00 2013-06-30 21917.00 23877.00 3683.00 30606.94 2014-06-30 NAD Million [+]
Credit Rating 55.00 [+]
[+]


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

Namibia Inflation Rate at 5.30 Percent  
The inflation rate in Namibia was recorded at 5.30 percent in March of 2014. Inflation Rate in Namibia is reported by the Bank of Namibia.
Namibia Balance of Trade at -4339.96 NAD Million  
Namibia recorded a trade deficit of 4339.96 NAD Million in the fourth quarter of 2013. Balance of Trade in Namibia is reported by the Bank of Namibia.
Namibia Current Account at -1065.90 NAD Million  
Namibia recorded a Current Account deficit of 1065.90 NAD Million in the fourth quarter of 2013. Current Account in Namibia is reported by the Bank of Namibia.
Namibia Changes in Inventories at -3879.00 NAD Million  
Changes in Inventories in Namibia decreased to -3879 NAD Million in 2013 from -1458 NAD Million in 2012. Changes in Inventories in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Consumer Price Index (CPI) at 106.60 Index Points  
Consumer Price Index (CPI) in Namibia increased to 106.60 Index Points in February of 2014 from 105.90 Index Points in January of 2014. Consumer Price Index (CPI) in Namibia is reported by the Bank of Namibia.
Namibia Consumer Spending at 64552.00 NAD Million  
Consumer Spending in Namibia increased to 64552 NAD Million in 2013 from 60764 NAD Million in 2012. Consumer Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Exports at 11530.20 NAD Million  
Exports in Namibia decreased to 11530.20 NAD Million in the fourth quarter of 2013 from 13771.50 NAD Million in the third quarter of 2013. Exports in Namibia is reported by the Bank of Namibia.
Namibia Government Spending at 23877.00 NAD Million  
Government Spending in Namibia increased to 23877 NAD Million in 2013 from 21917 NAD Million in 2012. Government Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross Fixed Capital Formation at 27567.00 NAD Million  
Gross Fixed Capital Formation in Namibia increased to 27567 NAD Million in 2013 from 22953 NAD Million in 2012. Gross Fixed Capital Formation in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross National Income at 120267.00 NAD Million  
Gross National Product in Namibia increased to 120267 NAD Million in 2013 from 106945 NAD Million in 2012. Gross National Product in Namibia is reported by the Central Bureau of Statistics, Namibia.
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