Colombia Government Budget
Colombia recorded a Government Budget deficit equal to 2.41 percent of the country's Gross Domestic Product in 2013. Government Budget in Colombia averaged -3.72 Percent of GDP from 2001 until 2013, reaching an all time high of 0.23 Percent of GDP in 2005 and a record low of -8.47 Percent of GDP in 2004. Government Budget in Colombia is reported by the Ministry of Finance and Public Credit Republic of Colombia.
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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. This page provides - Colombia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.