Budget balance in relation to the GDP in Ecuador 2001-2023
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 Ecuador with key insights such as average inflation rate, gross domestic product (gdp) per capita (in ppp dollars) and general government revenue.