Cuba recorded a government budget deficit of 18975.10 CUC Millions in 2020. source: National Office of Statistics, Republic of Cuba

Government Budget Value in Cuba averaged -4077.38 CUC Millions from 2001 until 2020, reaching an all time high of -737.50 CUC Millions in 2001 and a record low of -18975.10 CUC Millions in 2020. This page provides - Cuba Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Government Budget Value - values, historical data and charts - was last updated on September of 2021.

Government Budget Value in Cuba is expected to reach -5900.00 CUC Millions by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget Value is projected to trend around -5900.00 CUC Millions in 2022, according to our econometric models.

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Cuba Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-18975.10 -6435.30 -737.50 -18975.10 2001 - 2020 CUC Millions Yearly

Cuba Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.40 18.30 21.10 14.80 percent of GDP [+]
Government Budget -17.70 -6.20 -1.30 -33.50 percent of GDP [+]
Government Revenues 54644.80 58700.20 58700.20 15033.50 CUC Millions [+]
Fiscal Expenditure 74257.40 65774.90 74257.40 15771.00 CUC Millions [+]
Government Budget Value -18975.10 -6435.30 -737.50 -18975.10 CUC Millions [+]
Credit Rating 15.00 [+]
Military Expenditure 129.00 123.00 132.00 87.20 USD Million [+]


Cuba 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.