![]() No date was available from the Wikipedia article, so we used the date of retrieval. Debt > Government debt > Public debt, share of GDP:. ![]() Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits. Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. ![]() Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
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