Cuba recorded a Government Budget deficit equal to 7.30 percent of the country's Gross Domestic Product in 2024. Government Budget in Cuba averaged -7.51 percent of GDP from 1989 until 2024, reaching an all time high of -1.30 percent of GDP in 2013 and a record low of -33.50 percent of GDP in 1993. source: National Office of Statistics, Republic of Cuba

Government Budget in Cuba is expected to reach -9.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget is projected to trend around -9.00 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 464697.30 340492.30 CUP Million Dec 2024
Government Budget -7.30 -11.50 percent of GDP Dec 2024
Government Budget Value -94959.10 -70376.30 CUP Million Dec 2023
Government Debt to GDP 119.00 117.00 percent of GDP Dec 2022
Government Revenues 244383.00 244028.30 CUP Million Dec 2023
Government Spending to GDP 49.80 58.80 percent of GDP Dec 2022


Cuba Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-7.30 -11.50 -1.30 -33.50 1989 - 2024 percent of GDP Yearly