The budget balance in relation to the GDP in St. Kitts and Nevis was forecast to continuously decrease between 2024 and 2029 by in total 0.1 percentage points. After the fourth consecutive decreasing year, the budget balance is estimated to reach -4.24 percent and therefore a new minimum in 2029. 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 key insights for the budget balance in relation to the GDP in countries like Jamaica, Bahamas, and Trinidad & Tobago.
St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP
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IMF. (October 22, 2024). St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/
IMF. "St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP." Chart. October 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/
IMF. (2024). St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/
IMF. "St. Kitts and Nevis: Budget Balance between 2019 to 2029 in Relation to Gdp." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/
IMF, St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP Statista, https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/ (last visited November 05, 2024)
St. Kitts and Nevis: Budget balance between 2019 to 2029 in relation to GDP [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/731505/st-kitts-and-nevis-budget-balance-in-relation-to-gdp/