Colombia's budget balance in relation to GDP 2028
The budget balance in relation to the gross domestic product in Colombia was forecast to increase between 2023 and 2028 by in total 1.6 percentage points. This overall increase does not happen continuously, notably not in 2025. After the third consecutive increasing year, the budget balance is estimated to reach -1.93 percent and therefore a new peak in 2028.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more statistics on other topics about Colombia with key insights such as ratio of government expenditure to gross domestic product, national debt and growth of the real gross domestic product.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more statistics on other topics about Colombia with key insights such as ratio of government expenditure to gross domestic product, national debt and growth of the real gross domestic product.
