Budget balance forecast, percent of GDP, 2023 - Country rankings:
The average for 2023 based on 78 countries was -3.01 percent.The highest value was in Grenada: 2.66 percent and the lowest value was in Brazil: -9.03 percent. The indicator is available from 1980 to 2028. Below is a chart for all countries where data are available.
Measure: percent; Source: International Monetary Fund
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.