Home Lesotho Government Budget Deficit

Lesotho Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

2.95% −6.09% (-67.3%)
Year 2025 Rank #13 Global Peak 11.57% (2006) Source IMF WEO

Lesotho Budget Deficit (1982–2025)

Overview

Lesotho's budget deficit stood at 2.95% in 2025, a decline of +6.09% from 2024. The IMF projects 2.95% by 2025. Lesotho ranked 13th globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF 0.83% - -
2029* IMF 1.91% - -
2028* IMF 1.84% - -
2027* IMF 3.52% - -
2026* IMF 3.77% - -
2025* IMF 2.95% - -
2025 2.95% −6.09% #13
2024 9.04% +1.73% #185
2023 7.32% +13.72% #182
2022 -6.41% −1.46% #31
2021 -4.95% −6.13% #78
2020 1.18% +6.90% #180
2019 -5.72% −1.31% #27
2018 -4.41% −2.39% #40
2017 -2.02% +7.41% #101
2016 -9.43% −8.05% #18
2015 -1.38% −4.54% #133
2014 3.16% +5.74% #174
2013 -2.58% −7.15% #91
2012 4.56% +14.41% #173
2011 -9.85% −8.36% #7
Show all years (1982-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +18.0% GDP growth 2.9% C/A balance 3.9%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Lesotho matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Lesotho's budget deficit?

Lesotho's budget deficit was 2.95% in 2025. Ranked 13th globally. This represents a 67.3% decrease from the previous year.

What was the highest budget deficit in Lesotho?

Lesotho's budget deficit peaked at 11.57% in 2006.

What was the lowest budget deficit in Lesotho?

The lowest budget deficit in Lesotho was -15.30% in 1999.

How does Lesotho rank in budget deficit?

Lesotho ranks 13th globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Lesotho in 2025?

Lesotho's budget deficit is projected to reach 2.95% by 2025 based on IMF projection.

What is the budget deficit of Lesotho in 2025?

The budget deficit of Lesotho in 2025 was 2.95%. This ranks 13th in the world.

Cite this page

APA
Lesotho Budget Deficit. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/lesotho/budget-deficit
BibTeX
@misc{historysaid_lesotho_budget-deficit, title = {Lesotho Budget Deficit}, url = {https://historysaid.com/lesotho/budget-deficit}, publisher = {HistorySaid}, year = {2026} }