Guyana recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2018.

Government Budget in Guyana averaged -0.62 percent of GDP from 1990 until 2018, reaching an all time high of 6.08 percent of GDP in 1993 and a record low of -6.12 percent of GDP in 2005. This page provides - Guyana Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guyana Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Guyana is expected to reach -5.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana Government Budget is projected to trend around -4.50 percent of GDP in 2021 and -4.00 percent of GDP in 2022, according to our econometric models.

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Guyana Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -4.50 6.08 -6.12 1990 - 2018 percent of GDP Yearly

Guyana Government Last Previous Highest Lowest Unit
Government Debt to GDP 52.90 51.40 171.10 50.10 percent [+]
Government Budget -3.40 -4.50 6.08 -6.12 percent of GDP [+]
Military Expenditure 59.40 59.70 96.50 5.00 USD Million [+]
Credit Rating 15.00 [+]

Guyana 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.