Brazil's nominal budget deficit narrowed to BRL 38.43 billion in December of 2019 from BRL 68.04 billion in the corresponding month of the previous year, as the central government shortfall fell to BRL 36.99 billion from BRL 54.44 billion. Also, the state-owned enterprises surplus widened sharply to BRL 9.30 billion from BRL 0.68 billion and regional governments gap declined to BRL 10.74 billion from BRL 14.16 billion. The primary budget deficit dropped significantly to BRL 13.51 billion from BRL 41.13 billion a year ago. Considering full 2019, the country’s nominal budget gap decreased to BRL 429.15 billion from BRL 487.44 billion in 2018; and the primary budget deficit declined to BRL 61.87 billion from BRL 108.26 billion a year earlier, the smallest deficit in five years; and less than half the government's official target of a BRL 132 billion shortfall.
Government Budget Value in Brazil averaged -16436.15 BRL Million from 1998 until 2019, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -123821.44 BRL Million in December of 2015. 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. source: Banco Central Do Brasil
Government Budget Value in Brazil is expected to be -55000.00 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 -55000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -60000.00 BRL Million in 2021, according to our econometric models.