Brazil's Budget Deficit Widens in February

2026-03-31 11:57 By Isabela Couto 1 min. read

Brazil's nominal budget deficit widened to R$100.6 billion in February 2026 from R$97.2 billion.

The consolidated public sector recorded a primary deficit of R$16.4 billion in February, compared to R$19.0 billion in February 2025.

The Central Government posted a R$29.5 billion deficit while state-owned enterprises recorded a R$568 million deficit, offset by regional governments' R$13.7 billion surplus.

Nominal interest on the consolidated public sector totaled R$84.2 billion in February 2026, up from R$78.3 billion in February 2025.

This increase was driven by higher net indebtedness, the Selic rate, and inflation, more than offsetting two fewer business days and more favorable foreign exchange swap results.

Over 12 months, the nominal deficit reached R$1,089.6 billion, representing 8.48% of GDP and remaining stable as a share of GDP compared to the prior month.



News Stream
Brazil's Budget Deficit Widens in February
Brazil's nominal budget deficit widened to R$100.6 billion in February 2026 from R$97.2 billion. The consolidated public sector recorded a primary deficit of R$16.4 billion in February, compared to R$19.0 billion in February 2025. The Central Government posted a R$29.5 billion deficit while state-owned enterprises recorded a R$568 million deficit, offset by regional governments' R$13.7 billion surplus. Nominal interest on the consolidated public sector totaled R$84.2 billion in February 2026, up from R$78.3 billion in February 2025. This increase was driven by higher net indebtedness, the Selic rate, and inflation, more than offsetting two fewer business days and more favorable foreign exchange swap results. Over 12 months, the nominal deficit reached R$1,089.6 billion, representing 8.48% of GDP and remaining stable as a share of GDP compared to the prior month.
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