The Brazilian government posted a nominal budget deficit of BRL 113 billion in September 2026, widening from BRL 102.2 billion in the same month a year earlier. The federal government recorded a BRL 3.5 billion surplus, while regional governments posted a BRL 5.6 billion deficit and state-owned companies registered a BRL 3.4 billion deficit. Despite the wider budget shortfall, the deficit remained relatively stable as a share of the Brazilian GDP at 9.51%, slightly up from 9.48% in August. Meanwhile, gross government debt remained unchanged at 82.9% of GDP in September, standing at the same level as recorded in October 2021. Over the 12 months to September, the nominal public sector deficit narrowed to 0.52% of GDP from 0.62% in the previous month. source: Banco Central Do Brasil

Brazil recorded a government budget deficit of 113000 BRL Million in September of 2026. Government Budget Value in Brazil averaged -30072.32 BRL Million from 1998 until 2026, reaching an all time high of 84061.23 BRL Million in January of 2022 and a record low of -210161.02 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 November of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 11:30 AM
Nominal Budget Balance
Aug BRL-116B BRL-97.6B BRL-109.4B BRL-120.0B
2026-10-30 11:30 AM
Nominal Budget Balance
Sep BRL-113B BRL-116B BRL -100.0B
2026-11-27 11:30 AM
Nominal Budget Balance
Oct BRL-113B


Related Last Previous Unit Reference
Government Budget -8.30 -8.50 percent of GDP Dec 2025
Nominal Budget Balance -113000.00 -115900.00 BRL Million Sep 2026
Government Debt 11054954.40 10946725.80 BRL Million Aug 2026
Government Debt to GDP 78.64 76.27 percent of GDP Dec 2025
Gross Debt to GDP 82.90 82.90 percent of GDP Sep 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-113000.00 -115900.00 84061.23 -210161.02 1998 - 2026 BRL Million Monthly
Current Prices, NSA

News Stream
Brazil Budget Deficit Widens in September
The Brazilian government posted a nominal budget deficit of BRL 113 billion in September 2026, widening from BRL 102.2 billion in the same month a year earlier. The federal government recorded a BRL 3.5 billion surplus, while regional governments posted a BRL 5.6 billion deficit and state-owned companies registered a BRL 3.4 billion deficit. Despite the wider budget shortfall, the deficit remained relatively stable as a share of the Brazilian GDP at 9.51%, slightly up from 9.48% in August. Meanwhile, gross government debt remained unchanged at 82.9% of GDP in September, standing at the same level as recorded in October 2021. Over the 12 months to September, the nominal public sector deficit narrowed to 0.52% of GDP from 0.62% in the previous month.
2026-10-30
Brazil Budget Deficit Exceeds Expectations
The Brazilian government posted a nominal budget deficit of BRL 115.9 billion in August 2026, widening from BRL 91.5 billion in the same month a year earlier and exceeding market expectations of a BRL 109.4 billion shortfall. The federal government recorded a BRL 14.7 billion deficit, while regional governments posted a BRL 2.7 billion surplus and state-owned companies registered a BRL 2 billion surplus. Meanwhile, gross government debt rose to 82.9% of GDP in August, reaching the same level as recorded in October 2021, up from 82.5% in the previous month but falling short of market forecasts of a further increase to 83.1%. Over the 12 months to August, the nominal public sector deficit narrowed to 0.62% of GDP from 0.67% in the previous month.
2026-09-30
Brazil Budget Deficit Narrows Less Than Expected
The Brazilian government posted a nominal budget deficit of BRL 97.6 billion in July 2026, narrowing from BRL 175.6 billion in the same month a year earlier and exceeding market expectations of a BRL 84 billion shortfall. The federal government recorded a BRL 11 billion surplus, while regional governments posted a BRL 8.5 billion deficit and state-owned companies registered a BRL 1.1 billion shortfall. Meanwhile, gross government debt rose to 82.5% of GDP in July, the highest level since October 2021, up from 81.9% in the previous month and above market forecasts of 82.2%. Over the 12 months through July, the nominal public sector deficit narrowed to 0.67% of GDP from 1.19% in the previous month.
2026-08-31