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.

Related Last Previous Unit Reference
Government Budget -4.60 -4.30 percent of GDP Dec 2022
Nominal Budget Balance -113857.84 22232.23 BRL Million Feb 2024
Government Debt 8301795.56 8210714.54 BRL Million Feb 2024
Government Debt to GDP 72.87 78.29 percent of GDP Dec 2022
Gross Debt to GDP 75.50 75.00 percent of GDP Feb 2024

Brazil Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -4.30 -2.00 -13.30 2001 - 2022 percent of GDP Yearly