Zambia recorded a Government Budget deficit equal to 7.50 percent of the country's Gross Domestic Product in 2018. Government Budget in Zambia averaged -2.78 percent of GDP from 1998 until 2018, reaching an all time high of 18.30 percent of GDP in 2006 and a record low of -10.50 percent of GDP in 2016.

Government Budget in Zambia is expected to be -6.30 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Government Budget is projected to trend around -5.60 percent of GDP in 2020, according to our econometric models.

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Zambia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-7.60 -6.10 18.30 -10.50 1998 - 2018 percent of GDP Yearly

Zambia 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.

Zambia Government Last Previous Highest Lowest Unit
Government Debt to GDP 59.00 55.60 277.53 28.80 percent [+]
Government Budget -7.60 -6.10 18.30 -10.50 percent of GDP [+]
Military Expenditure 386.00 340.00 436.00 91.00 USD Million [+]
Credit Rating 33.75 [+]
Government Debt 10047.80 8915.50 10047.80 1106.50 USD Million [+]