Federated States of Micronesia Budget surplus (+) or deficit (-)

Budget surplus (+) or deficit (-): 5.6% of GDP (FY07 est.)

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 budge 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.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013