Colombia recorded a government budget deficit of 4460.06 COP Billion in September of 2020. source: Banco de la República de Colombia

Government Budget Value in Colombia averaged -592.82 COP Billion from 1963 until 2020, 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. 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 January of 2021.

Government Budget Value in Colombia is expected to be -4053.42 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 -4047.39 in 12 months time. In the long-term, the Colombia Government Budget Value is projected to trend around -4047.39 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
-4460.06 -8453.91 9207.09 -10366.03 1963 - 2020 COP Billion Monthly
Current Prices, NSA

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 48.60 48.60 23.30 percent [+]
Government Budget -2.50 -3.10 0.23 -8.47 percent of GDP [+]
Government Budget Value -4460.06 -8453.91 9207.09 -10366.03 COP Billion [+]
Government Spending 36010.29 35997.89 36010.29 11533.00 COP Billion [+]
Government Revenues 13546.01 7165.19 19932.08 0.09 COP Billion [+]
Fiscal Expenditure 18006.07 15619.10 23023.60 0.12 COP Billion [+]
Credit Rating 57.00 [+]
Military Expenditure 10303.00 10018.00 10303.00 358.00 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.