​Federal government Budget déficits

"A budget deficit is when spending exceeds income."(thebalance.com, 2016)

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Colombia recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2016. Government Budget in Colombia averaged -3.61 percent of GDP from 2001 until 2016, 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.

This is an important item for our company, because we constantly need to be in charge of our incomes and outcomes so we can have control of any economic situation whether is 

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Sources: 

http://www.tradingeconomics.com/colombia/government-budget

http://www.theglobaleconomy.com/Colombia/Government_budget_balance/

https://www.thebalance.com/budget-deficit-definition-and-how-it-affects-the-economy-3305820

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