Colombia recorded a government budget deficit of 11328.49 COP Billion in December of 2020. source: Banco de la República de Colombia

Government Budget Value in Colombia averaged -703.66 COP Billion from 1963 until 2020, reaching an all time high of 9730.21 COP Billion in April of 2012 and a record low of -19580.84 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 August of 2021.

Government Budget Value in Colombia is expected to be -7800.00 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 -6300.00 in 12 months time. In the long-term, the Colombia Government Budget Value is projected to trend around -5500.00 COP Billion in 2022 and -5000.00 COP Billion in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Colombia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-11328.49 -8698.62 9730.21 -19580.84 1963 - 2020 COP Billion Monthly
Current Prices, NSA

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 56.00 [+]
Military Expenditure 10133.00 10168.00 10168.00 344.00 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.