Venezuela recorded a Government Budget deficit equal to 29.90 percent of the country's Gross Domestic Product in 2019.
Government Budget in Venezuela averaged -5.79 percent of GDP from 1990 until 2019, reaching an all time high of 3.79 percent of GDP in 1991 and a record low of -29.90 percent of GDP in 2018. This page provides - Venezuela Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Government Budget - values, historical data and charts - was last updated on October of 2020.
Government Budget in Venezuela is expected to reach -40.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Government Budget is projected to trend around -50.00 percent of GDP in 2021 and -55.00 percent of GDP in 2022, according to our econometric models.