Brazil's nominal budget deficit widened sharply to BRL 210.1 billion in June 2020 from BRL 30.1 billion in the corresponding month of the previous year, well above market expectations of a BRL 164.1 billion gap. It is the largest nominal budget shortfall ever, as the central government deficit increased to BRL 213.0 billion from BRL 24.9 billion a year earlier. Also, the regional government budget shifted to a BRL 2.6 billion surplus from BRL 4.1 billion gap in June 2019 and the state-owned enterprises reported a BRL 0.25 billion surplus compared to a BRL 0.1 billion shortfall. The primary budget recorded a deficit of BRL 188.7 billion compared to a BRL 12.7 billion gap a year earlier.
Government Budget Value in Brazil averaged -17622.01 BRL Million from 1998 until 2020, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -140400 BRL Million in May 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 August of 2020. source: Banco Central Do Brasil
Government Budget Value in Brazil is expected to be -170000.00 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 -190000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -195000.00 BRL Million in 2021 and -210000.00 BRL Million in 2022, according to our econometric models.