Belize recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2017. Government Budget in Belize averaged -3.92 percent of GDP from 1993 until 2017, reaching an all time high of 1.60 percent of GDP in 2008 and a record low of -11.30 percent of GDP in 2001.
Government Budget in Belize is expected to be -6.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Government Budget is projected to trend around -5.10 percent of GDP in 2020, according to our econometric models.