Sao Tome and Principe's budget balance in relation to GDP 2029

The budget balance in relation to the GDP in Sao Tome and Principe was forecast to continuously decrease between 2024 and 2029 by in total 2.8 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the fourth consecutive year to 1.21 percent.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Find more statistics on other topics about Sao Tome and Principe with key insights such as the total population, the gross domestic product in current prices, and the ratio of government expenditure to the gross domestic product.