Lesotho's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

Lesotho's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029)

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TGM StatBox. (2024). Lesotho's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1990-2029). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Lesotho
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
Lesotho's fiscal trends reveal significant volatility due to its reliance on external factors such as regional trade. The early 1990s saw surpluses, peaking at 9.7% in 1991. However, political instability and economic shocks led to deep deficits, including -15.3% in 1999.

Recent years show recovery, with surpluses reappearing in 2023 (3.1%). However, deficits are forecast to reemerge by 2025 (-2.2%), reflecting challenges in achieving sustainable fiscal stability.

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