Brazil recorded a Government Budget deficit equal to 4.60 percent of the country's Gross Domestic Product in 2022. Government Budget in Brazil averaged -4.96 percent of GDP from 2001 until 2022, reaching an all time high of -2.00 percent of GDP in 2008 and a record low of -13.30 percent of GDP in 2020. source: Banco Central do Brasil
Government Budget in Brazil is expected to reach -1.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Government Budget is projected to trend around -0.80 percent of GDP in 2025 and -0.20 percent of GDP in 2026, according to our econometric models.