Laos recorded a Government Budget deficit equal to 4.60 percent of the country's Gross Domestic Product in 2018.

Government Budget in Laos averaged -6.03 percent of GDP from 2000 until 2018, reaching an all time high of -2.80 percent of GDP in 2014 and a record low of -8.90 percent of GDP in 2010. This page provides - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Government Budget - values, historical data and charts - was last updated on May of 2020.

Government Budget in Laos is expected to reach -6.20 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Government Budget is projected to trend around -7.50 percent of GDP in 2021 and -8.00 percent of GDP in 2022, according to our econometric models.

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Laos Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -5.60 -2.80 -8.90 2000 - 2018 percent of GDP Yearly

Laos Government Last Previous Highest Lowest Unit
Government Debt to GDP 53.34 50.03 81.70 33.61 percent [+]
Government Budget -4.60 -5.60 -2.80 -8.90 percent of GDP [+]
Credit Rating 25.00 [+]
Government Budget Value -9207.20 -7811.00 -89.40 -9207.20 LAK Billion [+]
Government Revenues 23943.80 22615.50 23943.80 275.00 LAK Billion [+]
Fiscal Expenditure 31002.90 30426.50 31002.90 364.40 LAK Billion [+]


Laos 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.