Brazil's nominal budget deficit decreased markedly to BRL 6.1 billion in October of 2018 from BRL 30.5 billion in the corresponding month of the previous year and well below market expectations of a BRL 61.8 billion gap. Also, the primary budget surplus widened to BRL 7.8 billion from BRL 4.8 billion a year ago, as central government posted a budget surplus of BRL 10.2 billion from a BRL 5.0 billion in October 2017 and state-owned companies registered a budget surplus of BRL 0.69 billion compared to a BRL 0.56 billion deficit a year ago. In contrast, regional governments posted a BRL 3.1 billion gap compared to a BRL 0.4 billion surplus in October 2017. In the January to October period of 2018, the nominal budget shortfall narrowed to BRL 368.8 billion, or 6.49 percent of GDP, from BRL 415.7 billion, or 7.69 percent of GDP, in the same period of 2017. Government Budget Value in Brazil averaged -15198.82 BRL Million from 1998 until 2018, reaching an all time high of 18626.11 BRL Million in January of 2018 and a record low of -123821.44 BRL Million in December of 2015.

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 -54000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -55000.00 BRL Million in 2020, according to our econometric models.

Brazil Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 01:30 PM Nominal Budget Balance BRL -29.2B BRL -57.9B BRL-46.1B BRL -54B
2018-09-28 01:30 PM Nominal Budget Balance BRL -76.9B BRL -29.2B BRL-46.1B BRL -48B
2018-10-29 01:30 PM Nominal Budget Balance BRL -39.2B BRL -76.9B BRL-61.8B BRL -50B
2018-11-30 12:30 PM Nominal Budget Balance BRL -6.1B BRL -39.2B BRL-61.8B BRL -30B
2018-12-28 01:30 PM Nominal Budget Balance BRL -6.1B BRL -25B
2019-01-29 12:30 PM Nominal Budget Balance BRL -55B
2019-02-28 05:30 PM Nominal Budget Balance

Brazil Government Last Previous Highest Lowest Unit
Government Debt to GDP 74.04 69.95 74.04 51.27 percent [+]
Government Budget -7.80 -9.00 -2.00 -10.20 percent of GDP [+]
Government Budget Value -6107.00 -39173.00 18626.11 -123821.44 BRL Million [+]
Government Spending 105318.73 119639.00 169789.04 9016.42 BRL Million [+]
Government Revenues 131880.00 110664.00 155619.49 12715.40 BRL Million [+]
Military Expenditure 25751.34 24224.75 26125.26 1714.61 USD Million [+]
Credit Rating 34.34 [+]
Government Debt 5231391.55 5246734.28 5246734.28 1336644.90 BRL Million [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-6107.00 -39173.00 18626.11 -123821.44 1998 - 2018 BRL Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -16585.90 Oct/18
Australia 999.00 Oct/18
Brazil -6107.00 Oct/18
Canada -1356.00 Sep/18
China -357.10 Sep/18
France -86.98 Oct/18
Germany 36.06 Jun/18
India -6485.83 Oct/18
Indonesia -347356.70 Dec/17
Italy -33.82 Sep/18
Japan -113831.00 Jun/18
Mexico 35850.40 Oct/18
Netherlands -8.90 Sep/18
Russia 3022.14 Oct/18
Saudi Arabia -238494.00 Dec/17
Singapore 1826.60 Sep/18
South Africa -37930.00 Oct/18
South Korea 14031.00 Sep/18
Spain -8384.00 Oct/18
Switzerland 1373.00 Dec/18
Turkey -8515327.00 Oct/18
United Kingdom -3357.00 Oct/18
United States -100000.00 Oct/18