Former Soviet republics Compared by Economy > Budget surplus > + or deficit > -
DEFINITION:
This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). 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. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
CONTENTS
# | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
---|---|---|---|---|---|
=1 | Turkmenistan | 1.4% of GDP | 2012 | ||
=1 | Tajikistan | 1.4% of GDP | 2012 | ||
3 | Belarus | 0.7% of GDP | 2012 | ||
4 | Azerbaijan | 0.3% of GDP | 2012 | ||
5 | Uzbekistan | 0.2% of GDP | 2012 | ||
6 | Latvia | 0.1% of GDP | 2012 | ||
7 | Russia | -0.1% of GDP | 2012 | ||
8 | Estonia | -0.3% of GDP | 2012 | ||
9 | Armenia | -1.6% of GDP | 2012 | ||
10 | Moldova | -2.1% of GDP | 2012 | ||
11 | Kazakhstan | -2.9% of GDP | 2012 | ||
12 | Georgia | -3.1% of GDP | 2012 | ||
13 | Lithuania | -3.4% of GDP | 2012 | ||
14 | Ukraine | -4.4% of GDP | 2012 | ||
15 | Kyrgyzstan | -6% of GDP | 2012 |