Taiwan recorded a Government Budget deficit equal to 1.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Taiwan averaged -1.82 percent of GDP from 1988 until 2019, reaching an all time high of 1.80 percent of GDP in 1990 and a record low of -6.30 percent of GDP in 2001. This page provides - Taiwan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Taiwan is expected to reach -4.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Government Budget is projected to trend around -3.50 percent of GDP in 2021, according to our econometric models.

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Taiwan Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -1.90 1.80 -6.30 1988 - 2019 percent of GDP Yearly

Taiwan Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.90 30.80 34.00 11.19 percent [+]
Government Budget -1.30 -1.90 1.80 -6.30 percent of GDP [+]
Government Spending 644360.00 652330.00 661290.00 133471.00 TWD Million [+]
Government Revenues 2942.28 2811.28 2942.28 110.05 TWD Billion [+]
Fiscal Expenditure 3075.80 2978.49 3140.94 87.04 TWD Billion [+]
Credit Rating 83.00 [+]
Military Expenditure 10458.00 10480.00 13820.00 4501.00 USD Million [+]


Taiwan 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.