Colombia Government Budget Value

Colombia recorded a government budget deficit of 2927.63 COP Billion in November of 2018. Government Budget Value in Colombia averaged -525.64 COP Billion from 1963 until 2018, 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.

Government Budget Value in Colombia is expected to be -4214.00 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 -3802.00 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.

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Colombia Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	48.50	50.20	50.60	23.30	percent	[+]
Government Budget	-3.00	-4.00	0.23	-8.47	percent of GDP	[+]
Government Budget Value	-2927.63	-2622.44	9207.09	-10366.03	COP Billion	[+]
Government Spending	33223.94	33019.08	33269.24	11533.00	COP Billion	[+]
Government Revenues	12732.30	9547.01	18430.26	0.09	COP Billion	[+]
Fiscal Expenditure	15659.93	12169.45	21733.48	0.12	COP Billion	[+]
Credit Rating	52.04					[+]
Military Expenditure	8976.14	8675.98	8976.14	330.81	USD Million	[+]

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. This page provides - Colombia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Government Budget Value - actual data, historical chart and calendar of releases - was last updated on February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-2927.63	-2622.44	9207.09	-10366.03	1963 - 2018	COP Billion	Monthly	Current Prices, NSA

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Country	Last		Previous	Range
Argentina	-135316.20	Dec/18	-33770	6026 : -135316	ARS Million
Australia	-292.00	Dec/18	6068	14307 : -23705	AUD Million
Brazil	-68042.00	Dec/18	-50631	18626 : -123821	BRL Million
Canada	-2219.00	Nov/18	-1113	5770 : -10629	CAD Million
China	-286.50	Nov/18	101	8067 : -15554	CNY HML
France	-76.05	Dec/18	-95.64	-4.21 : -149	EUR Billion
Germany	5.87	Sep/18	36.06	40.63 : -58.9	EUR Billion
India	-7014.57	Dec/18	-7166	-94.06 : -7166	INR Billion
Indonesia	-259900.00	Dec/18	-340976	12605 : -340976	IDR Billion
Italy	27.41	Dec/18	-10.4	27.41 : -43.39	EUR Billion
Japan	-60963.00	Sep/18	-113831	76276 : -347513	JPY HND Million
Mexico	-178960.00	Dec/18	-40910	340612 : -308192	MXN Million
Netherlands	1.50	Dec/18	-8.9	17.6 : -19	EUR Billion
Russia	282.64	Jan/19	2746	3835 : -2967	RUB Billion
Saudi Arabia	-238494.00	Dec/17	-311065	580924 : -362229	SAR Million
Singapore	-2211.70	Dec/18	534	10861 : -8695	SGD Million
South Africa	17725.00	Dec/18	-13966	70466 : -90538	ZAR Million
South Korea	37409.00	Nov/18	28653	42914 : -28619	KRW Billion
Spain	-12378.00	Nov/18	-8384	12365 : -99130	EUR Million
Switzerland	2176.00	Dec/19	1373	11751 : -18294	CHF Million
Turkey	-20758467.00	Dec/18	5198837	13023775 : -39815859	TRY Thousand
United Kingdom	19422.00	Jan/19	1430	19422 : -15378	GBP Million
United States	-13539.00	Dec/18	-204903	214255 : -231677	USD Million