Vietnam recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2023. Government Budget in Vietnam averaged -2.26 percent of GDP from 1988 until 2023, reaching an all time high of 2.00 percent of GDP in 2006 and a record low of -9.90 percent of GDP in 1988. source: Ministry of Finance

Government Budget in Vietnam is expected to reach -3.90 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Government Budget is projected to trend around -3.00 percent of GDP in 2025 and -2.80 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 46.00 Jan 2025
Fiscal Expenditure 2035380.00 1854940.00 VND Billion Dec 2022
Government Budget -4.00 -4.10 percent of GDP Dec 2023
Government Budget Value -421321.00 -286487.00 VND Billion Dec 2022
Government Debt to GDP 37.10 39.30 percent of GDP Dec 2022
Government Revenues 1614059.00 1568453.00 VND Billion Dec 2022
Government Spending 904845.64 853097.43 VND Billion Dec 2023
Holidays
Military Expenditure 5500.00 5073.90 USD Million Dec 2018

Vietnam 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
-4.00 -4.10 2.00 -9.90 1988 - 2023 percent of GDP Yearly