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.

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#	COUNTRY	AMOUNT	DATE
=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

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