In 2017, general government structural balance (% of potential GDP) for Brazil was -6.4 %. Though Brazil general government structural balance (% of potential GDP) fluctuated substantially in recent years, it tended to decrease through 1998 - 2017 period ending at -6.4 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.