Countries with the Largest Fiscal Deficits (2026) (2026)
Source: IMF World Economic Outlook·25 countries·Updated 2026
Fiscal deficits mean governments spend more than they earn. {#1} has the largest deficit at {#1_value} of GDP.
Timor-Leste leads with fiscal balance (% of GDP) of -51.6%.
Libya ranks #2 at -20.9%.
Ukraine ranks #3 at -18.4%.
Kiribati ranks #4 at -16.7%.
Egypt, Arab Rep. ranks #5 at -12.1%.
Bottom 25 Countries by Fiscal Balance (% of GDP)
| # | Country | Fiscal Balance (% of GDP) | Year |
|---|---|---|---|
| 1 |  Timor-Leste | -51.6% | 2026 |
| 2 |  Libya | -20.9% | 2026 |
| 3 |  Ukraine | -18.4% | 2026 |
| 4 |  Kiribati | -16.7% | 2026 |
| 5 |  Egypt, Arab Rep. | -12.1% | 2026 |
| 6 |  St. Vincent and the Grenadines | -12.1% | 2026 |
| 7 |  Maldives | -11.2% | 2026 |
| 8 |  Botswana | -10.7% | 2026 |
| 9 |  Brunei Darussalam | -10.7% | 2026 |
| 10 |  Bahrain | -10.6% | 2026 |
| 11 |  Malawi | -10.5% | 2026 |
| 12 |  Algeria | -10.2% | 2026 |
| 13 |  Gabon | -10.0% | 2026 |
| 14 |  Bolivia | -9.3% | 2026 |
| 15 |  St. Kitts and Nevis | -8.7% | 2026 |
| 16 |  Tonga | -8.4% | 2026 |
| 17 |  China | -8.2% | 2026 |
| 18 |  Iraq | -7.9% | 2026 |
| 19 |  Brazil | -7.7% | 2026 |
| 20 |  United States | -7.5% | 2026 |
| 21 |  Tunisia | -7.4% | 2026 |
| 22 |  India | -7.4% | 2026 |
| 23 |  Eswatini | -6.9% | 2026 |
| 24 |  Poland | -6.7% | 2026 |
| 25 |  Togo | -6.7% | 2026 |
Data from 192 countries is available. View full rankings →
FAQ
What is the lowest fiscal balance (% of GDP) in 2026?
Timor-Leste has the lowest fiscal balance (% of GDP) at -51.6% in 2026.
How many countries are included in this ranking?
This article features the bottom 25 countries out of 192 with available data. Full rankings available on the indicator page.
Where does this data come from?
Data is sourced from the IMF World Economic Outlook. It is updated regularly as new releases become available.