Cuba recorded a Government Budget deficit equal to 8.10 percent of the country's Gross Domestic Product in 2018.

Government Budget in Cuba averaged -6.81 percent of GDP from 1989 until 2018, reaching an all time high of -1.30 percent of GDP in 2013 and a record low of -33.50 percent of GDP in 1993. This page provides - Cuba Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Government Budget - values, historical data and charts - was last updated on May of 2020.

Government Budget in Cuba is expected to reach -8.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget is projected to trend around -8.50 percent of GDP in 2021 and -7.50 percent of GDP in 2022, according to our econometric models.

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Cuba Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -8.60 -1.30 -33.50 1989 - 2018 percent of GDP Yearly

Cuba Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.20 18.90 21.10 14.80 percent [+]
Government Budget -8.10 -8.60 -1.30 -33.50 percent of GDP [+]
Government Revenues 56762.70 54912.30 56762.70 15033.50 CUC Millions [+]
Fiscal Expenditure 65497.50 63905.70 65497.50 15771.00 CUC Millions [+]
Credit Rating 15.00 [+]
Military Expenditure 123.00 124.00 131.00 86.70 USD Million [+]
Government Budget Value -8091.30 -8283.70 -737.50 -8283.70 CUC Millions [+]


Cuba Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.