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. This page provides - Vietnam Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Government Budget - values, historical data and charts - was last updated on May of 2020. source: Asian Development Bank

Government Budget in Vietnam is expected to reach -6.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Government Budget is projected to trend around -7.50 percent of GDP in 2021 and -5.00 percent of GDP in 2022, 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 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 [+]


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.