Fiscal Expenditure in Colombia decreased to 23251.05 COP Billion in December from 23613.61 COP Billion in November of 2020. source: Banco de la República de Colombia

Fiscal Expenditure in Colombia averaged 3584.09 COP Billion from 1963 until 2020, reaching an all time high of 25021.57 COP Billion in December of 2012 and a record low of 0.12 COP Billion in January of 1963. This page provides - Colombia Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Fiscal Expenditure - values, historical data and charts - was last updated on June of 2021.

Fiscal Expenditure in Colombia is expected to be 19500.00 COP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in Colombia to stand at 19100.00 in 12 months time. In the long-term, the Colombia Fiscal Expenditure is projected to trend around 18500.00 COP Billion in 2022 and 18000.00 COP Billion in 2023, according to our econometric models.

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Colombia Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
23251.05 23613.61 25021.57 0.12 1963 - 2020 COP Billion Monthly

Colombia Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.80 52.30 62.80 23.30 percent of GDP [+]
Government Budget -7.80 -2.50 0.23 -8.47 percent of GDP [+]
Government Budget Value -11328.49 -8698.62 9730.21 -19580.84 COP Billion [+]
Government Spending 37730.57 37389.21 37730.57 11533.00 COP Billion [+]
Government Revenues 11922.57 14914.98 19915.75 0.09 COP Billion [+]
Fiscal Expenditure 23251.05 23613.61 25021.57 0.12 COP Billion [+]
Credit Rating 57.00 [+]
Military Expenditure 10133.00 10168.00 10168.00 344.00 USD Million [+]

Colombia Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.