Cape Verde recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2018.

Government Budget in Cape Verde averaged -3.47 percent of GDP from 2000 until 2018, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -12.40 percent of GDP in 2012. This page provides the latest reported value for - Cape Verde Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Cape Verde is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -8.00 percent of GDP in 2021 and -6.00 percent of GDP in 2022, according to our econometric models.

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Cape Verde Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -2.70 6.30 -12.40 2000 - 2019 percent of GDP Yearly

Cape Verde Government Last Previous Highest Lowest Unit
Government Debt to GDP 124.00 126.80 127.70 57.17 percent [+]
Government Budget -1.80 -2.70 6.30 -12.40 percent of GDP [+]
Military Expenditure 10.00 9.00 11.00 4.00 USD Million [+]
Government Revenues 19586.00 12708.60 19586.00 3861.83 CVE Millions [+]
Government Spending 7970.00 7044.00 7970.00 4809.66 CVE Million [+]
Credit Rating 30.00 [+]


Cape Verde 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.