Colombia recorded a government budget deficit of 2622.44 COP Billion in October of 2018. Government Budget Value in Colombia averaged -522.06 COP Billion from 1963 until 2018, 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.

Government Budget Value in Colombia is expected to be -4214.00 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 -3802.00 in 12 months time. In the long-term, the Colombia Government Budget Value is projected to trend around -4047.00 COP Billion in 2020, according to our econometric models.

Colombia Government Budget Value
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Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.50 50.20 50.60 23.30 percent [+]
Government Budget -3.00 -4.00 0.23 -8.47 percent of GDP [+]
Government Budget Value -2622.44 506.18 9207.09 -10366.03 COP Billion [+]
Government Spending 33223.94 33019.08 33269.24 11533.00 COP Billion [+]
Government Revenues 9547.01 14947.18 18430.26 0.09 COP Billion [+]
Fiscal Expenditure 12169.45 14441.00 21733.48 0.12 COP Billion [+]
Credit Rating 52.04 [+]
Military Expenditure 8976.14 8675.98 8976.14 330.81 USD Million [+]


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. This page provides - Colombia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget Value - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2622.44 506.18 9207.09 -10366.03 1963 - 2018 COP Billion Monthly
Current Prices, NSA




Country Last Previous
Argentina -16585.90 Oct/18
Australia 999.00 Oct/18
Brazil -6107.00 Oct/18
Canada -1356.00 Sep/18
China -357.10 Sep/18
France -86.98 Oct/18
Germany 36.06 Jun/18
India -6485.83 Oct/18
Indonesia -347356.70 Dec/17
Italy -33.82 Sep/18
Japan -113831.00 Jun/18
Mexico 35850.40 Oct/18
Netherlands -8.90 Sep/18
Russia 3022.14 Oct/18
Saudi Arabia -238494.00 Dec/17
Singapore 1826.60 Sep/18
South Africa -37930.00 Oct/18
South Korea 14031.00 Sep/18
Spain -8384.00 Oct/18
Switzerland 1373.00 Dec/18
Turkey -8515327.00 Oct/18
United Kingdom -3357.00 Oct/18
United States -205000.00 Nov/18


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