Taiwan recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2023. Government Budget in Taiwan averaged -1.80 percent of GDP from 1988 until 2023, 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. source: International Monetary Fund

Government Budget in Taiwan is expected to reach -1.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Credit Rating 90.00 Jan 2025
Fiscal Expenditure 3847.68 3435.43 TWD Billion Dec 2023
Government Budget -0.50 -0.50 percent of GDP Dec 2023
Government Budget Value -375.18 -312.81 TWD Billion Dec 2023
Government Revenues 3472.50 3122.62 TWD Billion Dec 2023
Government Spending 820115.00 753698.00 TWD Million Sep 2024
Holidays
Military Expenditure 16612.80 15261.40 USD Million Dec 2023

Taiwan 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
-0.50 -0.50 1.80 -6.30 1988 - 2023 percent of GDP Yearly