Republic of the Congo recorded a Government Budget deficit equal to 5.10 percent of the country's Gross Domestic Product in 2017.

Government Budget in Republic of the Congo averaged -2.99 percent of GDP from 1990 until 2017, reaching an all time high of 1.20 percent of GDP in 2002 and a record low of -14.37 percent of GDP in 1991. This page provides - Republic of the Congo Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Republic of the Congo Government Budget - values, historical data and charts - was last updated on May of 2020.

Government Budget in Republic of the Congo is expected to reach 4.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Republic of the Congo Government Budget is projected to trend around 7.00 percent of GDP in 2021 and 6.00 percent of GDP in 2022, according to our econometric models.

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Republic of the Congo Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
8.80 6.80 8.80 -14.37 1990 - 2019 percent of GDP Yearly

Republic of the Congo Government Last Previous Highest Lowest Unit
Government Debt to GDP 15.70 18.10 270.18 15.70 percent [+]
Government Budget 8.80 6.80 8.80 -14.37 percent of GDP [+]
Credit Rating 20.00 [+]
Military Expenditure 273.00 372.00 635.00 43.00 USD Million [+]


Republic of the Congo 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.