Cuba Government Budget2022 Data - 2023 Forecast - 1989-2021 Historical - Chart

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

Cuba recorded a Government Budget deficit equal to 17.70 percent of the country's Gross Domestic Product in 2020. source: National Office of Statistics, Republic of Cuba

Government Budget in Cuba averaged -7.13 percent of GDP from 1989 until 2020, 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. This page provides - Cuba Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Government Budget - values, historical data and charts - was last updated on July of 2022.

Government Budget in Cuba is expected to reach -10.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget is projected to trend around -8.50 percent of GDP in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	18.40	18.30	percent of GDP	Dec 2018
Government Budget	-17.70	-6.20	percent of GDP	Dec 2020
Government Revenues	54644.80	58700.20	CUP Millions	Dec 2020
Fiscal Expenditure	74257.40	65774.90	CUP Millions	Dec 2020
Government Budget Value	-18975.10	-6435.30	CUP Millions	Dec 2020

Cuba 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.