Colombia recorded a government budget deficit of 4565.56 COP Billion in October of 2019. Government Budget Value in Colombia averaged -525.86 COP Billion from 1963 until 2019, reaching an all time high of 9207.09 COP Billion in April of 2012 and a record low of -10366.03 COP Billion in December of 2012. source: Banco de la República de Colombia
Government Budget Value in Colombia is expected to be -4277.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Colombia to stand at -4176.00 in 12 months time. In the long-term, the Colombia Government Budget Value is projected to trend around -4047.00 COP Billion in 2020, according to our econometric models.