Costa Rica recorded a government budget deficit of 1049419.08 CRC Million in May of 2020.

Government Budget Value in Costa Rica averaged -592206.70 CRC Million from 2006 until 2020, reaching an all time high of 166539.98 CRC Million in August of 2008 and a record low of -2524255.17 CRC Million in December of 2019. This page provides - Costa Rica Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Costa Rica Government Budget Value - values, historical data and charts - was last updated on August of 2020. source: Central Bank Of Costa Rica

Government Budget Value in Costa Rica is expected to be -949997.45 CRC Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Costa Rica to stand at -953625.11 in 12 months time. In the long-term, the Costa Rica Government Budget Value is projected to trend around -953287.40 CRC Million in 2021, according to our econometric models.

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Costa Rica Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-1049419.08 -786352.27 166539.98 -2524255.17 2006 - 2020 CRC Million Monthly
Current Prices, NSA

Costa Rica Government Last Previous Highest Lowest Unit
Government Debt to GDP 77.47 65.79 77.47 37.08 percent [+]
Government Budget -5.70 -4.70 0.60 -5.70 percent of GDP [+]
Government Budget Value -1049419.08 -786352.27 166539.98 -2524255.17 CRC Million [+]
Government Spending 1190126.40 1197611.90 1208747.00 579530.90 CRC Million [+]
Government Revenues 1998855.88 1672912.67 5356148.41 117111.90 CRC Million [+]
Fiscal Expenditure 3048274.96 2459264.94 7880403.58 165441.00 CRC Million [+]
Credit Rating 31.00 [+]


Costa Rica 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.