Budget balance in relation to the GDP in Uruguay 1999 to 2030

Fluctuating decline between 1999 and 2025
A total decrease by approximately 0.18 percentage points can be observed between 1999 and 2025. The data emphasizes however that this decrease did not happen continuously.

Continuous rise between 2025 and 2030
In 2030 the budget balance will stand at around -2.11 percent, according to forecasts. There is an overall increase by approximately 0.83 percentage points since 2025. This growth reflects a steady upward trend.

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.