Colombia recorded a government budget deficit of 4897.68 COP Billion in November of 2019. Colombia Government Budget Value - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Budget Value in Colombia averaged -532.26 COP Billion from 1963 until 2019, reaching an all time high of 9207.09 COP Billion in April of 2012 and a record low of -10366.03 COP Billion in December of 2012. This page provides - Colombia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banco de la República de Colombia

Government Budget Value in Colombia is expected to be -4277.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Colombia to stand at -4176.00 in 12 months time. In the long-term, the Colombia Government Budget Value is projected to trend around -4053.00 COP Billion in 2021 and -4047.00 COP Billion in 2022, according to our econometric models.

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Colombia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-4897.68 -4565.56 9207.09 -10366.03 1963 - 2019 COP Billion Monthly
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Colombia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.