Venezuela Government Budget
Venezuela recorded a Government Budget deficit equal to 11.50 percent of the country's Gross Domestic Product in 2013. Government Budget in Venezuela averaged -1.94 Percent of GDP from 1990 until 2013, reaching an all time high of 3.79 Percent of GDP in 1991 and a record low of -11.50 Percent of GDP in 2013. Government Budget in Venezuela is reported by the Ministry of Planning and Finance, Government of Venezuela.
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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 - Venezuela Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.