Brazil recorded a Government Budget deficit equal to 5.90 percent of the country's Gross Domestic Product in 2019. source: Banco Central do Brasil

Government Budget in Brazil averaged -4.58 percent of GDP from 2001 until 2019, reaching an all time high of -2 percent of GDP in 2008 and a record low of -10.20 percent of GDP in 2015. This page provides - Brazil Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Government Budget - values, historical data and charts - was last updated on December of 2020.

Government Budget in Brazil is expected to reach -12.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Government Budget is projected to trend around -10.50 percent of GDP in 2021 and -8.70 percent of GDP in 2022, according to our econometric models.

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Brazil Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -7.10 -2.00 -10.20 2001 - 2019 percent of GDP Yearly


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.