Cuba recorded a government budget deficit of 94959.10 CUP Million in 2023. Government Budget Value in Cuba averaged -13931.95 CUP Million from 2001 until 2023, reaching an all time high of -737.50 CUP Million in 2001 and a record low of -94959.10 CUP Million in 2023. source: National Office of Statistics, Republic of Cuba

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	340492.30	315260.10	CUP Million	Dec 2023
Government Budget	-11.10	-11.70	percent of GDP	Dec 2022
Government Budget Value	-94959.10	-70376.30	CUP Million	Dec 2023
Government Debt to GDP	119.00	117.00	percent of GDP	Dec 2022
Government Revenues	244383.00	244028.30	CUP Million	Dec 2023
Government Spending to GDP	49.80	58.80	percent of GDP	Dec 2022

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.