Lesotho recorded a Government Budget deficit equal to 2.20 percent of the country's Gross Domestic Product in 2022. Government Budget in Lesotho averaged 0.25 percent of GDP from 1990 until 2022, reaching an all time high of 11.60 percent of GDP in 2007 and a record low of -9.50 percent of GDP in 2016. source: Central Bank of Lesotho

Government Budget in Lesotho is expected to reach 8.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lesotho Government Budget is projected to trend around 0.20 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 30.00 Jan 2025
Government Budget -2.20 -2.00 percent of GDP Dec 2022
Government Debt to GDP 59.00 59.90 percent of GDP Dec 2023
Holidays
Military Expenditure 34.00 34.70 USD Million Dec 2023

Lesotho 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
-2.20 -2.00 11.60 -9.50 1990 - 2022 percent of GDP Yearly