Colombia recorded a government budget surplus of 448.13 COP Billion in March of 2021. source: Banco de la República de Colombia

Government Budget Value in Colombia averaged -656.98 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 September of 2021.

Government Budget Value in Colombia is expected to be -5800.00 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 2022 and -5000.00 COP Billion in 2023, according to our econometric models.

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Colombia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
448.13 -10497.09 9207.09 -19244.85 1963 - 2021 COP Billion Monthly
Current Prices, NSA

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 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.