Cuba recorded a government budget deficit of 8091.30 CUC Millions in 2018. source: National Office of Statistics, Republic of Cuba

Government Budget Value in Cuba averaged -3062.34 CUC Millions from 2001 until 2018, reaching an all time high of -737.50 CUC Millions in 2001 and a record low of -8283.70 CUC Millions in 2017. This page provides - Cuba Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Government Budget Value - values, historical data and charts - was last updated on August of 2021.

Government Budget Value in Cuba is expected to reach -5900.00 CUC Millions by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Government Budget Value is projected to trend around -5900.00 CUC Millions in 2021, according to our econometric models.

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Cuba Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-6435.30 -8091.30 -737.50 -8283.70 2001 - 2019 CUC Millions Yearly

Cuba Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.30 19.90 21.10 14.80 percent of GDP [+]
Government Budget -6.20 -8.10 -1.30 -33.50 percent of GDP [+]
Government Revenues 58700.20 56762.70 58700.20 15033.50 CUC Millions [+]
Fiscal Expenditure 65774.90 65497.50 65774.90 15771.00 CUC Millions [+]
Government Budget Value -6435.30 -8091.30 -737.50 -8283.70 CUC Millions [+]
Credit Rating 15.00 [+]
Military Expenditure 129.00 123.00 132.00 87.20 USD Million [+]

Cuba 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.