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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
-7.80 -2.50 0.23 -8.47 2001 - 2020 percent of GDP Yearly

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.80 52.30 62.80 23.30 percent of GDP [+]
Government Budget -7.80 -2.50 0.23 -8.47 percent of GDP [+]
Government Budget Value 448.13 -10497.09 9207.09 -19244.85 COP Billion [+]
Government Spending 40117.85 37730.57 40117.85 11533.00 COP Billion [+]
Government Revenues 20187.85 10001.00 20187.85 0.09 COP Billion [+]
Fiscal Expenditure 19739.72 20498.08 31167.41 0.12 COP Billion [+]
Credit Rating 56.00 [+]
Military Expenditure 10133.00 10168.00 10168.00 344.00 USD Million [+]


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.