Laos recorded a Government Budget deficit equal to 0.60 percent of the country's Gross Domestic Product in 2023. Government Budget in Laos averaged -5.22 percent of GDP from 2000 until 2023, reaching an all time high of -0.30 percent of GDP in 2022 and a record low of -8.90 percent of GDP in 2010. source: Bank of the Lao PDR

Government Budget in Laos is expected to reach -5.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Fiscal Expenditure 44123.97 33223.09 LAK Billion Dec 2023
Government Budget -0.60 -0.30 percent of GDP Dec 2023
Government Budget Value 1711.46 -445.87 LAK Billion Dec 2023
Government Debt to GDP 74.15 69.74 percent of GDP Dec 2023
Government Revenues 45835.43 31834.99 LAK Billion Dec 2023

Laos 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
-0.60 -0.30 -0.30 -8.90 2000 - 2023 percent of GDP Yearly