Netherlands Government Budget

Netherlands recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2013. Government Budget in Netherlands is reported by the Eurostat. Government Budget in Netherlands averaged -1.63 Percent of GDP from 1996 until 2013, reaching an all time high of 2 Percent of GDP in 2000 and a record low of -5.60 Percent of GDP in 2009. 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 - Netherlands Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.50 -4.10 2.00 -5.60 -3.20 | 2013/12 1996 - 2013 Percent of GDP Yearly

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Netherlands Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Spending 37086.00 2013-11-15 36911.00 37805.00 21215.00 36775.55 2014-03-31 EUR Million [+]
Government Debt To GDP 73.50 2013-12-31 71.30 76.10 45.30 75.26 2014-06-30 Percent [+]
Credit Rating 98.27 [+]
Government Budget -2.50 2013-12-31 -4.10 2.00 -5.60 -3.20 2013-12-31 Percent of GDP [+]
[+]


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.


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In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
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The trade surplus increased to EUR 4.5 billion in February of 2014, from a revised EUR 3.9 billion in the previous month, as imports decreased at a faster pace than exports. Compared with a year earlier, the trade surplus widened from EUR 4.2 billion.
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Netherlands' jobless rate increased to a fresh record high 8.8 percent in February of 2014. The number of unemployed persons edged up by 13 thousand to 691 thousand.
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Netherlands’ annual inflation eased further to 1.1 percent in February of 2014 from 1.4 percent in January. The inflation is now below the Euro Area average for the first time since September of 2012.
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In January of 2014, the Netherland’s jobless rate rose for the second straight month to 8.6 percent, up from 8.5 percent in the last month of 2013. In January last year, unemployment was recorded at 7.5 percent.
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In December, Netherlands’ trade surplus fell to € 3.24 billion, the lowest value in 3 months. The surplus was up by €0.1 billion as exports rose at a faster pace than imports when compared to the previous year.
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In the fourth quarter of 2013, Netherlands' economy grew 0.7 percent quarter-on-quarter, up from 0.3 percent in Q3. Over the full year, the economy contracted 0.8 percent.
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