Uruguay recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2018. Government Budget in Uruguay averaged -1.87 percent of GDP from 2000 until 2018, reaching an all time high of -0.40 percent of GDP in 2010 and a record low of -3.40 percent of GDP in 2002.

Government Budget in Uruguay is expected to be -3.10 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Government Budget is projected to trend around -3.00 percent of GDP in 2020, according to our econometric models.

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Uruguay Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -2.70 -0.40 -3.40 2000 - 2018 percent of GDP Yearly

Uruguay 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.

Uruguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 51.70 51.10 96.10 30.60 percent [+]
Government Budget -2.00 -2.70 -0.40 -3.40 percent of GDP [+]
Government Budget Value 756.06 -4922.31 11132.20 -14936.36 UYU Million [+]
Government Spending 18034037.46 18124703.82 18652816.56 11533511.60 UYU Thousand [+]
Government Revenues 36850.68 34728.64 37148.34 3376.46 UYU Million [+]
Fiscal Expenditure 49524.18 56283.76 62038.19 5518.89 UYU Million [+]
Military Expenditure 1164.00 1166.00 1865.00 530.00 USD Million [+]
Credit Rating 55.00 [+]