Name: Colombia Government Budget Value
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Colombia,Government Budget Value,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Colombia recorded a government budget deficit of 15758.38 COP Billion in December of 2021. source: Banco de la República de Colombia

Government Budget Value in Colombia averaged -741.34 COP Billion from 1963 until 2021, reaching an all time high of 9207.09 COP Billion in April of 2012 and a record low of -19244.85 COP Billion in December of 2020. This page provides - Colombia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget Value - values, historical data and charts - was last updated on June of 2022.

Government Budget Value in Colombia is expected to be -8100.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Government Budget Value is projected to trend around -5500.00 COP Billion in 2023 and -5000.00 COP Billion in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Budget	-7.80	-2.50	percent of GDP	Dec 2020
Government Budget Value	-15758.38	-13322.33	COP Billion	Dec 2021
Government Revenues	13775.66	15931.48	COP Billion	Jun 2021
Fiscal Expenditure	29117.97	31891.88	COP Billion	Dec 2021

Colombia 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.