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 |