East Timor recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2018.

Government Budget in East Timor averaged -3.55 percent of GDP from 2004 until 2018, reaching an all time high of 65.10 percent of GDP in 2014 and a record low of -47.40 percent of GDP in 2016. This page provides - East Timor Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. East Timor Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in East Timor is expected to reach -30.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor Government Budget is projected to trend around -25.00 percent of GDP in 2021 and -26.90 percent of GDP in 2022, according to our econometric models.

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East Timor Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -18.20 65.10 -47.40 2004 - 2018 percent of GDP Yearly

East Timor Government Last Previous Highest Lowest Unit
Government Budget -4.80 -18.20 65.10 -47.40 percent of GDP [+]
Credit Rating 15.00 [+]
Military Expenditure 20.20 25.40 55.20 15.70 USD Million [+]
Government Budget Value -301656.00 -115215.00 169589.00 -1410245.00 USD Thousand [+]
Government Revenues 37137.00 45686.00 583425.00 4368.00 USD Thousand [+]
Fiscal Expenditure 338793.00 160901.00 1605392.00 53472.00 USD Thousand [+]

East Timor 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.