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 July 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.