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. source: Banco Central Do Brasil

Brazil recorded a government budget deficit of 163679 BRL Million in May of 2026. Government Budget Value in Brazil averaged -28944.40 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 July of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 11:30 AM
Nominal Budget Balance
Apr BRL-60.139B BRL-199.539B BRL-50.7B BRL-85.0B
2026-06-30 11:30 AM
Nominal Budget Balance
May BRL-163.679B BRL-60.139B BRL-148.3B BRL-135.0B
2026-07-31 11:30 AM
Nominal Budget Balance
Jun BRL-163.679B BRL-140.0B


Related Last Previous Unit Reference
Government Budget -8.30 -8.50 percent of GDP Dec 2025
Nominal Budget Balance -163679.00 -60139.00 BRL Million May 2026
Government Debt 10622334.58 10442787.18 BRL Million May 2026
Government Debt to GDP 78.64 76.27 percent of GDP Dec 2025
Gross Debt to GDP 81.10 80.20 percent of GDP May 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
-163679.00 -60139.00 84061.23 -210161.02 1998 - 2026 BRL Million Monthly
Current Prices, NSA

News Stream
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
Brazil Budget Deficit Tops Forecasts
Brazil posted a nominal budget deficit of BRL 60.1 billion in April 2026, up from BRL 55.5 billion in the same month a year ago and above the expected BRL 50.7 billion shortfall. The central government gap rose to BRL 50.1 billion from BRL 44 billion in April 2025, and the state-owned companies' shortfall deficit increased to BRL 2.4 billion from BRL 1.7 billion a year ago. Meanwhile, the regional governments' shortfall shrank to BRL 7.6 billion from BRL 9.9 billion a year ago. The country's government debt as a share of the GDP rose to 80.4%, the highest since December 2021, up from March's 80% and 76% in April 2025, slightly surpassing market forecasts of 80.3%.
2026-05-29
Brazil Posts Largest Budget Gap in Nearly 6 Years
Brazil’s nominal budget deficit jumped to BRL 199.5 billion in March 2026, the largest since June 2020, from BRL 71.6 billion a year earlier, above market expectations of a BRL 148 billion gap. The central government gap widened to BRL 187 billion from BRL 69 billion in March 2025, and the regional governments' deficit climbed to BRL 11.3 billion from BRL 1.7 billion a year ago. At the same time, the state-owned companies' shortfall rose to BRL 1.3 billion, up from BRL 0.9 billion a year ago. The country's government debt as a share of the GDP increased to 80.1% from 79.2% the month before and surpassing market forecasts of 79.6%.
2026-04-30