Brazil: Budget balance forecast

* indicates monthly or quarterly data series
 Brazil

Budget balance forecast, percent of GDP

 Latest value -4.79
 Reference 2027
 Measure percent
 Source International Monetary Fund

For that indicator, we provide data for Brazil from 2000 to 2027. The average value for Brazil during that period was -5.07 percent with a minimum of -11.73 percent in 2020 and a maximum of -1.96 percent in 2008. The latest value from 2027 is -4.79 percent. For comparison, the world average in 2027 based on 79 countries is -1.79 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


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Economic outlook

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Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.
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