Belize recorded a Government Budget deficit equal to 3.50 percent of the country's Gross Domestic Product in 2019.

Government Budget in Belize averaged -3.79 percent of GDP from 1993 until 2019, 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. This page provides - Belize Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belize Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Belize is expected to reach -5.90 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Government Budget is projected to trend around -5.00 percent of GDP in 2021 and -3.50 percent of GDP in 2022, according to our econometric models.

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Belize Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -0.70 1.60 -11.30 1993 - 2019 percent of GDP Yearly

Belize Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.90 68.60 87.10 31.40 percent [+]
Government Budget -3.50 -0.70 1.60 -11.30 percent of GDP [+]
Government Budget Value -129.50 -27.60 44.20 -276.30 USD Million [+]
Government Spending 1300.90 1221.30 1300.90 310.00 USD Million [+]
Government Revenues 1143.80 1139.40 1143.80 249.00 USD Million [+]
Fiscal Expenditure 1083.80 1052.90 1083.80 208.70 USD Million [+]
Credit Rating 17.00 [+]
Military Expenditure 22.80 23.50 23.50 4.50 USD Million [+]


Belize Government Budget
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.