Guyana recorded a Government Budget deficit equal to 5.30 percent of the country's Gross Domestic Product in 2020. source: Bank of Guyana

Government Budget in Guyana averaged -0.93 percent of GDP from 1990 until 2020, reaching an all time high of 6.08 percent of GDP in 1993 and a record low of -6.12 percent of GDP in 2005. This page provides - Guyana Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guyana Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Guyana is expected to reach -4.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana Government Budget is projected to trend around -3.70 percent of GDP in 2022 and -3.50 percent of GDP in 2023, according to our econometric models.

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Guyana Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.30 -4.60 6.08 -6.12 1990 - 2020 percent of GDP Yearly

Guyana Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.00 39.80 108.00 37.00 percent of GDP [+]
Government Budget -5.30 -4.60 6.08 -6.12 percent of GDP [+]
Military Expenditure 65.50 67.20 98.80 5.10 USD Million [+]
Credit Rating 15.00 [+]

Guyana 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.