Cuba recorded a Government Budget deficit equal to 17.70 percent of the country's Gross Domestic Product in 2020. source: National Office of Statistics, Republic of Cuba

Government Budget in Cuba averaged -7.13 percent of GDP from 1989 until 2020, reaching an all time high of -1.30 percent of GDP in 2013 and a record low of -33.50 percent of GDP in 1993. This page provides - Cuba Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Government Budget - values, historical data and charts - was last updated on October of 2021.

Government Budget in Cuba is expected to reach -13.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget is projected to trend around -10.30 percent of GDP in 2022 and -8.50 percent of GDP in 2023, according to our econometric models.

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Cuba Government Budget


Cuba Last Unit Reference Previous Highest Lowest
Government Debt to GDP 18.40 percent of GDP Dec/18 18.30 21.10 14.80
Government Budget -17.70 percent of GDP Dec/20 -6.20 -1.30 -33.50
Government Revenues 54644.80 CUC Millions Dec/20 58700.20 58700.20 15033.50
Fiscal Expenditure 74257.40 CUC Millions Dec/20 65774.90 74257.40 15771.00
Government Budget Value -18975.10 CUC Millions Dec/20 -6435.30 -737.50 -18975.10


Cuba 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.