Uruguay recorded a Government Budget deficit equal to 2.90 percent of the country's Gross Domestic Product in 2019.

Government Budget in Uruguay averaged -1.92 percent of GDP from 2000 until 2019, reaching an all time high of -0.40 percent of GDP in 2010 and a record low of -3.40 percent of GDP in 2002. This page provides the latest reported value for - Uruguay Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Uruguay is expected to reach -4.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Government Budget is projected to trend around -4.00 percent of GDP in 2021 and -3.50 percent of GDP in 2022, according to our econometric models.

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Uruguay Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -2.00 -0.40 -3.40 2000 - 2019 percent of GDP Yearly

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 61.30 60.20 96.10 30.60 percent [+]
Government Budget -2.90 -2.00 -0.40 -3.40 percent of GDP [+]
Government Budget Value -7048.44 -7072.92 15556.94 -34770.92 UYU Million [+]
Government Spending 16068888.52 18631117.95 18638573.11 11533511.60 UYU Thousand [+]
Government Revenues 35109.66 34707.65 41895.96 3376.46 UYU Million [+]
Fiscal Expenditure 54907.36 70873.11 79672.03 5518.89 UYU Million [+]
Credit Rating 55.00 [+]
Military Expenditure 1164.00 1166.00 1865.00 530.00 USD Million [+]


Uruguay 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.