Cuba recorded a Government Budget deficit equal to 8.60 percent of the country's Gross Domestic Product in 2017. Government Budget in Cuba averaged -6.76 percent of GDP from 1989 until 2017, 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.
Government Budget in Cuba is expected to be -7.40 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget is projected to trend around -6.00 percent of GDP in 2020, according to our econometric models.