Zambia Government Budget

Zambia recorded a Government Budget deficit equal to 6.70 percent of the countrys Gross Domestic Product in 2013. Government Budget in Zambia is reported by the Bank of Zambia. From 1998 until 2013, Zambia Government Budget averaged -1.4 Percent of GDP reaching an all time high of 18.3 Percent of GDP in December of 2006 and a record low of -6.7 Percent of GDP in December of 2013. 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 - Zambia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.70 -4.20 18.30 -6.70 -6.97 | 2014/06 1998 - 2013 Percent of GDP Yearly

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Zambia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Credit Rating 35.00 [+]
Government Debt To GDP 31.20 2011-12-31 38.90 277.53 4.40 8.07 2014-06-30 percent [+]
Government Budget -6.70 2013-12-31 -4.20 18.30 -6.70 -6.97 2014-06-30 Percent of GDP [+]
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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

Zambia Inflation Rate at 7.80 percent  
The inflation rate in Zambia was recorded at 7.80 percent in April of 2014. Inflation Rate in Zambia is reported by the Bank of Zambia.
Zambia Exports at 4217000.00 Thousands Zambian Kwacha  
Exports in Zambia decreased to 4217000 Thousands Zambian Kwacha in February of 2014 from 4843000 Thousands Zambian Kwacha in January of 2014. Exports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia GDP Current Prices at 125947.00 ZMW THO  
GDP Constant Prices in Zambia increased to 125947 ZMW THO in 2013 from 106015 ZMW THO in 2012. GDP Constant Prices in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Imports at 4159000.00 Thousands Zambian Kwacha  
Imports in Zambia decreased to 4159000 Thousands Zambian Kwacha in February of 2014 from 4547000 Thousands Zambian Kwacha in January of 2014. Imports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Interest Rate at 12.00 percent  
The benchmark interest rate in Zambia was last recorded at 12 percent. Interest Rate in Zambia is reported by the Bank of Zambia.
Zambia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Zambia stands at 35 percent. Personal Income Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Zambia stands at 35 percent. Corporate Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Sales Tax Rate at 16.00 Percent  
The Sales Tax Rate in Zambia stands at 16 percent. Sales Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Balance of Trade at 161000.00 Thousands Zambian Kwacha  
Zambia recorded a trade surplus of 161000 Thousands Zambian Kwacha in December of 2013. Balance of Trade in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Current Account at 67.50 USD Million  
Zambia recorded a Current Account surplus of 67.50 USD Million in the fourth quarter of 2012. Current Account in Zambia is reported by the Bank of Zambia.
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