Brazil recorded a Government Budget deficit equal to 13.40 percent of the country's Gross Domestic Product in 2020. source: Banco Central do Brasil

Government Budget in Brazil averaged -5.03 percent of GDP from 2001 until 2020, reaching an all time high of -2 percent of GDP in 2008 and a record low of -13.40 percent of GDP in 2020. 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 2021.

Government Budget in Brazil is expected to reach -8.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Government Budget is projected to trend around -7.00 percent of GDP in 2022 and -7.50 percent of GDP in 2023, according to our econometric models.

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Brazil Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 88.83 74.26 percent of GDP Dec/20
Government Budget -13.40 -5.90 percent of GDP Dec/20
Government Budget Value -25014.00 -42018.00 BRL Million Oct/21
Government Debt 7009119.32 6939728.60 BRL Million Oct/21
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.