Eastern Europe 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 | Montenegro | 2.4% of GDP | 2012 | ||
| 2 | Belarus | 0.7% of GDP | 2012 | ||
| 3 | Azerbaijan | 0.3% of GDP | 2012 | ||
| 4 | Russia | -0.1% of GDP | 2012 | ||
| 5 | Bulgaria | -0.5% of GDP | 2012 | ||
| 6 | Armenia | -1.6% of GDP | 2012 | ||
| 7 | Poland | -1.9% of GDP | 2012 | ||
| =8 | Hungary | -2.1% of GDP | 2013 | ||
| =8 | Moldova | -2.1% of GDP | 2012 | ||
| 10 | Romania | -2.5% of GDP | 2012 | ||
| 11 | Bosnia and Herzegovina | -2.9% of GDP | 2012 | ||
| 12 | Georgia | -3.1% of GDP | 2012 | ||
| 13 | Slovenia | -3.2% of GDP | 2012 | ||
| 14 | Croatia | -3.3% of GDP | 2012 | ||
| 15 | Albania | -3.4% of GDP | 2012 | ||
| =16 | Slovakia | -4.4% of GDP | 2012 | ||
| =16 | Ukraine | -4.4% of GDP | 2012 | ||
| 18 | Czech Republic | -4.5% of GDP | 2012 | ||
| 19 | Kosovo | -5% of GDP | 2011 | ||
| 20 | Serbia | -7.6% of GDP | 2012 |
