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. source: Banco Central Do Brasil

Brazil recorded a government budget deficit of 97600 BRL Million in July of 2026. Government Budget Value in Brazil averaged -29564.02 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 September of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-31 11:30 AM
Nominal Budget Balance
Jun BRL-166.0B BRL-163.679B BRL-133.20B BRL-140.0B
2026-08-31 11:30 AM
Nominal Budget Balance
Jul BRL-97.6B BRL-166B BRL-84B BRL-120.0B
2026-09-30 11:30 AM
Nominal Budget Balance
Aug


Related Last Previous Unit Reference
Government Budget -8.30 -8.50 percent of GDP Dec 2025
Nominal Budget Balance -97600.00 -166000.00 BRL Million Jul 2026
Government Debt 10809475.19 10622334.58 BRL Million Jun 2026
Government Debt to GDP 78.64 76.27 percent of GDP Dec 2025
Gross Debt to GDP 82.50 81.90 percent of GDP Jul 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
-97600.00 -166000.00 84061.23 -210161.02 1998 - 2026 BRL Million Monthly
Current Prices, NSA

News Stream
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
Brazil Budget Deficit Widens More Than Expected
The Brazilian government posted a nominal budget deficit of BRL 166 billion in June 2026, widening from BRL 108.1 billion in the same month a year earlier and exceeding market expectations of a BRL 133.2 billion shortfall. The federal government recorded a BRL 47.2 billion deficit, while regional governments posted a BRL 6.6 billion deficit and state-owned companies registered a BRL 5.5 billion shortfall. Meanwhile, gross government debt rose to 81.9% of GDP in June, the highest level since October 2021, up from 81.1% in the previous month and above market forecasts of 81.5%. Over the 12 months through July, the nominal public sector deficit widened to 1.19% of GDP from 1.14% in the previous month.
2026-07-31
Brazil Public Deficit Widens to May Record
The Brazilian government posted a nominal budget deficit of BRL 163.7 billion in May of 2026, widening from the BRL 125.9 billion in the corresponding period of the previous year. The result was higher than expectations of a BRL 148.3 billion, the sharpest on record for the month. The deficit of the federal government rose to BRL 55.2 billion in the year. Despite the wider budget shortfall, the deficit remained relatively stable as a shar of the Brazilian GDP at 9.6%. The higher level of public spending was aligned with common patterns in election years in the country. The Brazilian central bank has hinted that elevated deficit spending by the central government, especially direct cash welfare transfers, is among the main culprits of stubborn inflationary pressures. Brazil has among the highest real interest rates in the world.
2026-06-30