What do all these terms mean?


VAT COLLECTION-TO-GDP RATIO
Shows VAT collection as percentage of the total value of goods and services produced in the country

NG DEFICIT-TO-GDP RATIO
Shows the National Government deficit as a percentage of the total value of goods and services produced in the country

BALANCED BUDGET
Refers to the National Government revenues being equal to National Government Expenditures for the same year

INPUT VAT
Refers to the VAT paid on purchases of goods and services that go into the production of other goods and services

EXCISE TAX
Additional tax imposed on selected goods such as petroleum products, automobiles, alcohols and tobacco products