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.