Brazil's nominal budget deficit narrowed to BRL 41.0 billion in February of 2021 from BRL 49.4 billion in the same month of the previous year. The central government gap tightened to BRL 48.0 billion from BRL 51.5 billion; and the state-owned enterprises account switched to a deficit of BRL 0.2 billion compared to a surplus of BRL 0.2 billion. Meanwhile, the regional government surplus widened to BRL 7.3 billion from BRL 2.0 billion. Finally, gross government debt reached 90.0% of GDP in February, the highest level on record, from a downwardly revised 89.4% ratio in January. source: Banco Central Do Brasil

Government Budget Value in Brazil averaged -19465.30 BRL Million from 1998 until 2021, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -210161 BRL Million in June of 2020. This page provides the latest reported value for - Brazil Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Government Budget Value in Brazil is expected to be -100000.00 BRL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Brazil to stand at -55000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -49000.00 BRL Million in 2022, according to our econometric models.

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Brazil Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-40966.00 17900.00 26044.00 -210161.00 1998 - 2021 BRL Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 12:30 PM Nov BRL-20.1B BRL-30.9B BRL -70B
2021-01-29 12:30 PM Dec BRL-75.8B BRL-20.1B BRL-19.121B BRL-15B
2021-02-26 12:30 PM Jan BRL17.9B BRL-75.8B BRL 15B
2021-03-31 12:30 PM Feb BRL-41B BRL17.9B BRL-50B
2021-04-30 12:30 PM Mar BRL-41B BRL-65B
2021-05-31 12:30 PM Apr
2021-06-30 12:30 PM May
2021-07-30 12:30 PM Jun


News Stream
Brazil Government Budget Gap Narrows in February
Brazil's nominal budget deficit narrowed to BRL 41.0 billion in February of 2021 from BRL 49.4 billion in the same month of the previous year. The central government gap tightened to BRL 48.0 billion from BRL 51.5 billion; and the state-owned enterprises account switched to a deficit of BRL 0.2 billion compared to a surplus of BRL 0.2 billion. Meanwhile, the regional government surplus widened to BRL 7.3 billion from BRL 2.0 billion. Finally, gross government debt reached 90.0% of GDP in February, the highest level on record, from a downwardly revised 89.4% ratio in January.
2021-03-31
Brazil Government Budget Surplus Narrows in January
Brazil's nominal budget surplus narrowed to BRL 17.9 billion in January of 2021 from BRL 19.1 billion in the same month of the previous year. The central government surplus tightened to BRL 4.8 billion from BRL 12.9 billion; and the state-owned enterprises account was flat compared to a surplus of BRL 0.1 billion. Meanwhile, the regional government surplus more than doubled to BRL 13.2 billion from BRL 6.1 billion. Finally, gross government debt reached 89.7% of GDP in January, the highest level on record, from a downwardly revised 89.2% ratio in December.
2021-02-26
Brazil Nominal Budget Gap Widens More than Forecast
Brazil's nominal budget deficit rose to BRL 75.8 billion in December of 2020 from BRL 38.4 billion in the same month of the previous year and well above market expectations of a BRL 19.1 billion shortfall. The central government deficit widened to BRL 64.9 billion from BRL 37 billion; and the state-owned enterprises account shifted to a gap of BRL 1.7 billion compared to a surplus of BRL 9.3 billion. Meanwhile, the regional government gap fell slightly to BRL 9.1 billion from BRL 10.7 billion in December of 2019. At the same time, gross government debt reached 89.3% of GDP in December, the highest level on record, from 88.7% in November.
2021-01-29
Brazil Government Budget Gap Lowest in 10 Months
Brazil's nominal budget deficit fell to BRL 20.1 billion in November of 2020 from BRL 53.2 billion in the same month of the previous year. It was the smallest nominal budget gap since January, as the central government shortfall narrowed significantly to BRL 19.2 billion from BRL 50.8 billion. Additionally, the regional government gap went down to BRL 0.6 billion from BRL 1.7 billion in November of 2019; and the state-owned enterprises deficit also decreased to BRL 0.4 billion from BRL 0.6 billion a year ago. Meanwhile, the primary budget shortfall rose to BRL 18.1 billion from BRL 15.3 billion in November of 2019. At the same time, net debt rose to 61.4% of GDP in November from 60% in October, the highest in 18 years, largely due to the appreciation of the real against the dollar.
2020-12-30

Brazil Government Budget Value
In Brazil, government budget value refers to the nominal budget balance, which comprises the central government, regional governments and public enterprises and also includes debt servicing costs and the nominal interest of the federal government.