Brazil Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Brazil's budget deficit was -8.40% in 2025, ranked 172nd globally. This represents a 35.8% decrease from 2024. Data from IMF WEO, covering 2001–2025.
Overview
Brazil's budget deficit stood at -8.40% in 2025, a decline of +2.21% from 2024. The IMF projects -8.40% by 2025. Brazil ranked 172nd globally.
Brazil's budget deficit has fluctuated significantly over the past 25 years, as per IMF WEO data. The country's deficit peaked at -2.35 in 2012 during a period of economic instability, but it has declined in recent years, reaching an all-time trough of -11.64 in 2020. However, since then, Brazil's budget deficit has shown a moderate increase, reaching -8.40 in 2025 and ranking 172 globally. This trajectory is comparable to that of Romania, which also recorded a budget deficit of -8.16 in 2025. Despite the decrease in deficit, Brazil still faces considerable fiscal challenges. A sustained economic recovery, coupled with structural reforms aimed at increasing tax revenue and reducing expenditure, would be essential to alter the trajectory of Brazil's budget deficit and improve the country's fiscal resilience.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -4.63% | - | - |
| 2029* IMF | -4.80% | - | - |
| 2028* IMF | -5.13% | - | - |
| 2027* IMF | -6.01% | - | - |
| 2026* IMF | -7.54% | - | - |
| 2025* IMF | -8.40% | - | - |
| 2025 | -8.40% | −2.21% | #172 |
| 2024 | -6.19% | +1.52% | #33 |
| 2023 | -7.71% | −3.75% | #14 |
| 2022 | -3.97% | −1.33% | #74 |
| 2021 | -2.63% | +9.01% | #123 |
| 2020 | -11.64% | −6.78% | #22 |
| 2019 | -4.86% | +2.13% | #34 |
| 2018 | -6.99% | +0.98% | #12 |
| 2017 | -7.97% | +0.02% | #11 |
| 2016 | -7.99% | +1.29% | #24 |
| 2015 | -9.28% | −3.01% | #14 |
| 2014 | -6.28% | −2.85% | #21 |
| 2013 | -3.42% | −1.07% | #73 |
| 2012 | -2.35% | +0.39% | #96 |
| 2011 | -2.74% | +0.81% | #96 |
Detected Pattern
Analysis
Brazil matched the Stagflation Risk pattern in 2016. Historically, 38% of countries showing this pattern (117 out of 307) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Brazil's budget deficit was -8.40% in 2025. Ranked 172nd globally. This represents a 35.8% decrease from the previous year.
Brazil's budget deficit peaked at -2.35% in 2012.
The lowest budget deficit in Brazil was -11.64% in 2020.
Brazil ranks 172nd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Brazil's budget deficit is projected to reach -8.40% by 2025 based on IMF projection.
The budget deficit of Brazil in 2025 was -8.40%. This ranks 172nd in the world.
Cite this page
@misc{historysaid_brazil_budget-deficit,
title = {Brazil Budget Deficit},
url = {https://historysaid.com/brazil/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}