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Annual Reports

National Budget

Key Macroeconomic indicators
  • Real GDP contracted by 1.0 percent in 2021
  • Real GDP is estimated to grow by 2.0 percent in 2022
  • A fiscal deficit of $2.43 billion (1.3 percent of GDP) is expected for 2022
  • Expenditure is based on an oil price of US$92.50 per barrel and a gas price of $6.00 per mmbtu
  • Total Revenue for the fiscal year 2023 is expected to be $56.175 billion. Expenditure for 2023 is expected to measure $57.685 billion
  • A fiscal deficit of $1.510 billion (0.8 percent GDP) is expected for 2023

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