Government Budget in Colombia decreased to -7.80 percent of GDP in 2020 from -2.50 percent of GDP in 2019. source: Banco de la República de Colombia

Government Budget in Colombia averaged -3.74 percent of GDP from 2001 until 2020, reaching an all time high of 0.23 percent of GDP in 2005 and a record low of -8.47 percent of GDP in 2004. This page provides - Colombia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget - values, historical data and charts - was last updated on October of 2021.

Government Budget in Colombia is expected to reach -8.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget is projected to trend around -3.50 percent of GDP in 2022 and -3.00 percent of GDP in 2023, according to our econometric models.

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Colombia Government Budget


Colombia Last Unit Reference Previous Highest Lowest
Government Budget -7.80 percent of GDP Dec/20 -2.50 0.23 -8.47
Government Budget Value 448.13 COP Billion Mar/21 -10497.09 9207.09 -19244.85
Government Revenues 20187.85 COP Billion Mar/21 10001.00 20187.85 0.09
Fiscal Expenditure 19739.72 COP Billion Mar/21 20498.08 31167.41 0.12


Colombia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.