Brazil recorded a Government Budget deficit equal to 7.80 percent of the country’s Gross Domestic Product in 2017. Government Budget in Brazil averaged -4.36 percent of GDP from 2001 until 2017, reaching an all time high of -2 percent of GDP in 2008 and a record low of -10.20 percent of GDP in 2015. 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. This page provides – Brazil Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.