Government Budget in Taiwan decreased to -4.50 percent of GDP in 2020 from -1.30 percent of GDP in 2019. source: National Statistics Republic of China (Taiwan)

Government Budget in Taiwan averaged -1.90 percent of GDP from 1988 until 2020, reaching an all time high of 1.80 percent of GDP in 1990 and a record low of -6.30 percent of GDP in 2001. This page provides - Taiwan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Taiwan is expected to reach -3.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Government Budget is projected to trend around -2.00 percent of GDP in 2022 and -1.50 percent of GDP in 2023, according to our econometric models.

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Taiwan Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -1.30 1.80 -6.30 1988 - 2020 percent of GDP Yearly

Taiwan Government Last Previous Highest Lowest Unit
Government Debt to GDP 28.20 29.30 34.00 11.20 percent of GDP [+]
Government Budget -4.50 -1.30 1.80 -6.30 percent of GDP [+]
Government Budget Value -455.80 -133.52 60.87 -557.25 TWD Billion [+]
Government Spending 680361.00 675450.00 680361.00 133471.00 TWD Million [+]
Government Revenues 2875.41 2942.28 2942.28 110.05 TWD Billion [+]
Fiscal Expenditure 3331.21 3075.80 3331.21 87.04 TWD Billion [+]
Credit Rating 85.00 [+]
Military Expenditure 11597.00 10993.00 13892.00 4524.00 USD Million [+]

Taiwan 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.