Cape Verde recorded a Government Budget deficit equal to 8.90 percent of the country's Gross Domestic Product in 2020. source: Banco de Cabo Verde

Government Budget in Cape Verde averaged -3.56 percent of GDP from 2000 until 2020, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -10.50 percent of GDP in 2010. 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 January of 2023.

Government Budget in Cape Verde is expected to reach -6.80 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -5.00 percent of GDP in 2023 and -4.50 percent of GDP in 2024, according to our econometric models.

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Cape Verde Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 157.00 155.60 percent of GDP Dec 2021
Government Budget -7.60 -8.90 percent of GDP Dec 2021
Government Revenues 12803.00 11164.00 CVE Millions Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-7.60 -8.90 6.30 -10.50 2000 - 2021 percent of GDP Yearly