Turkmenistan recorded a Government Budget surplus equal to 0.90 percent of the country's Gross Domestic Product in 2023. Government Budget in Turkmenistan averaged 1.28 percent of GDP from 1994 until 2023, reaching an all time high of 11.30 percent of GDP in 2008 and a record low of -2.80 percent of GDP in 2017. source: National Institute of State Statistics and Information, Turkmenistan

Related	Last	Previous	Unit	Reference
Credit Rating	35.00			Jan 2025
Government Budget	0.90	1.00	percent of GDP	Dec 2023
Government Debt to GDP	4.70	8.00	percent of GDP	Dec 2023
Government Spending	3.39	3.34	USD Billion	Dec 2022
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Turkmenistan 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.