Liberia recorded a Government Budget deficit equal to 6.90 percent of the country's Gross Domestic Product in 2022. Government Budget in Liberia averaged -2.45 percent of GDP from 2002 until 2022, reaching an all time high of 3.80 percent of GDP in 2007 and a record low of -8.40 percent of GDP in 2015. source: Central Bank of Liberia

Government Budget in Liberia is expected to reach -5.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Liberia Government Budget is projected to trend around -4.00 percent of GDP in 2024 and -3.80 percent of GDP in 2025, according to our econometric models.




Related Last Previous Unit Reference
Government Budget -6.90 -3.30 percent of GDP Dec 2022
Government Debt to GDP 51.00 51.30 percent of GDP Dec 2023
Holidays
Military Expenditure 37.20 36.80 USD Million Dec 2023

Liberia 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
-6.90 -3.30 3.80 -8.40 2002 - 2022 percent of GDP Yearly