Brazil recorded a Government Budget deficit equal to 8.50 percent of the country's Gross Domestic Product in 2024. Government Budget in Brazil averaged -5.27 percent of GDP from 2001 until 2024, 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 -8.80 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Government Budget is projected to trend around -8.40 percent of GDP in 2027 and -7.60 percent of GDP in 2028, according to our econometric models.