Belize recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2023. Government Budget in Belize averaged -3.48 percent of GDP from 1993 until 2023, reaching an all time high of 1.60 percent of GDP in 2008 and a record low of -11.30 percent of GDP in 2001. source: Central Bank of Belize

Government Budget in Belize is expected to reach -1.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Government Budget is projected to trend around -1.00 percent of GDP in 2026 and -0.70 percent of GDP in 2027, according to our econometric models.




Related Last Previous Unit Reference
Fiscal Expenditure 1151.40 1052.50 USD Million Dec 2023
Government Budget -1.60 -0.80 percent of GDP Dec 2023
Government Budget Value -98.80 -43.90 USD Million Dec 2023
Government Debt to GDP 66.80 67.10 percent of GDP Dec 2023
Government Revenues 1376.90 1287.40 USD Million Dec 2023
Government Spending 1493.00 1385.60 USD Million Dec 2023

Belize Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a 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
-1.60 -0.80 1.60 -11.30 1993 - 2023 percent of GDP Yearly