Laos recorded a Government Budget deficit equal to 1.30 percent of the country's Gross Domestic Product in 2021. source: Bank of the Lao PDR

Government Budget in Laos averaged -5.66 percent of GDP from 2000 until 2021, reaching an all time high of -1.30 percent of GDP in 2021 and a record low of -8.90 percent of GDP in 2010. This page provides - Laos Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Government Budget - values, historical data and charts - was last updated on June of 2023.

Government Budget in Laos is expected to reach -5.30 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Government Budget is projected to trend around -5.00 percent of GDP in 2023, according to our econometric models.

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Laos Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 53.81 55.94 percent of GDP Dec 2021
Government Budget -1.30 -5.20 percent of GDP Dec 2021
Government Revenues 27178.34 21845.75 LAK Billion Dec 2021
Government Budget Value -2329.07 -9012.42 LAK Billion Dec 2021
Fiscal Expenditure 29507.42 30858.17 LAK Billion Dec 2021

Laos 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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -5.20 -1.30 -8.90 2000 - 2021 percent of GDP Yearly