Colombia recorded a government budget deficit of 811.90 COP Billion in May of 2022. source: Banco de la República de Colombia

Government Budget Value in Colombia averaged -743.91 COP Billion from 1963 until 2022, reaching an all time high of 9207.09 COP Billion in April of 2012 and a record low of -19244.85 COP Billion in December of 2020. This page provides - Colombia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget Value - values, historical data and charts - was last updated on October of 2022.

Government Budget Value in Colombia is expected to be -7350.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget Value is projected to trend around -5500.00 COP Billion in 2023 and -5000.00 COP Billion in 2024, according to our econometric models.

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Colombia Government Budget Value

Related Last Previous Unit Reference
Government Budget -7.10 -7.80 percent of GDP Dec 2021
Government Budget Value -811.90 2402.36 COP Billion May 2022
Government Revenues 13775.66 15931.48 COP Billion Jun 2021
Fiscal Expenditure 22764.05 20451.49 COP Billion May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-811.90 2402.36 9207.09 -19244.85 1963 - 2022 COP Billion Monthly
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