Vietnam recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2019. Government Budget in Vietnam averaged -2.81 percent of GDP from 1988 until 2019, reaching an all time high of 1.20 percent of GDP in 2006 and a record low of -9.90 percent of GDP in 1988. source: Asian Development Bank

Government Budget in Vietnam is expected to be -4.10 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Government Budget is projected to trend around -3.50 percent of GDP in 2020, according to our econometric models.


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Vietnam Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -3.50 1.20 -9.90 1988 - 2019 percent of GDP Yearly


Vietnam 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.

Vietnam Government Last Previous Highest Lowest Unit
Government Debt to GDP 57.50 58.20 59.70 31.40 percent [+]
Government Budget -4.40 -3.50 1.20 -9.90 percent of GDP [+]
Government Budget Value -191500.00 -174300.00 13000.00 -191500.00 VND Billion [+]
Government Spending 358592.00 325803.97 358592.00 3164.00 VND Billion [+]
Government Revenues 1424914.00 1288665.00 1424914.00 19.00 VND Billion [+]
Fiscal Expenditure 1616414.00 1462965.00 1616414.00 35.00 VND Billion [+]
Credit Rating 43.00 [+]
Military Expenditure 5451.00 5074.00 5451.00 702.40 USD Million [+]