Brazil's nominal budget deficit rose to BRL 75.8 billion in December of 2020 from BRL 38.4 billion in the same month of the previous year and well above market expectations of a BRL 19.1 billion shortfall. The central government deficit widened to BRL 64.9 billion from BRL 37 billion; and the state-owned enterprises account shifted to a gap of BRL 1.7 billion compared to a surplus of BRL 9.3 billion. Meanwhile, the regional government gap fell slightly to BRL 9.1 billion from BRL 10.7 billion in December of 2019. At the same time, gross government debt reached 89.3% of GDP in December, the highest level on record, from 88.7% in November. source: Banco Central Do Brasil

Government Budget Value in Brazil averaged -19606.30 BRL Million from 1998 until 2020, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -210161 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 February of 2021.

Government Budget Value in Brazil is expected to be -100000.00 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 -49000.00 BRL Million in 2022, according to our econometric models.

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Brazil Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-75800.00 -20100.00 26044.00 -210161.00 1998 - 2020 BRL Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 12:30 PM Sep BRL-103.42B BRL-121.88B BRL-96B BRL -103B
2020-11-30 12:30 PM Oct BRL-30.92B BRL-103.42B BRL-100B
2020-12-30 12:30 PM Nov BRL-20.1B BRL-30.9B BRL -70B
2021-01-29 12:30 PM Dec BRL-75.8B BRL-20.1B BRL-19.121B BRL-15B
2021-02-26 12:30 PM Jan BRL-75.8B BRL 15B
2021-03-31 12:30 PM Feb
2021-04-30 12:30 PM Mar
2021-05-31 12:30 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Brazil Nominal Budget Gap Widens More than Forecast
Brazil's nominal budget deficit rose to BRL 75.8 billion in December of 2020 from BRL 38.4 billion in the same month of the previous year and well above market expectations of a BRL 19.1 billion shortfall. The central government deficit widened to BRL 64.9 billion from BRL 37 billion; and the state-owned enterprises account shifted to a gap of BRL 1.7 billion compared to a surplus of BRL 9.3 billion. Meanwhile, the regional government gap fell slightly to BRL 9.1 billion from BRL 10.7 billion in December of 2019. At the same time, gross government debt reached 89.3% of GDP in December, the highest level on record, from 88.7% in November.
2021-01-29
Brazil Government Budget Gap Lowest in 10 Months
Brazil's nominal budget deficit fell to BRL 20.1 billion in November of 2020 from BRL 53.2 billion in the same month of the previous year. It was the smallest nominal budget gap since January, as the central government shortfall narrowed significantly to BRL 19.2 billion from BRL 50.8 billion. Additionally, the regional government gap went down to BRL 0.6 billion from BRL 1.7 billion in November of 2019; and the state-owned enterprises deficit also decreased to BRL 0.4 billion from BRL 0.6 billion a year ago. Meanwhile, the primary budget shortfall rose to BRL 18.1 billion from BRL 15.3 billion in November of 2019. At the same time, net debt rose to 61.4% of GDP in November from 60% in October, the highest in 18 years, largely due to the appreciation of the real against the dollar.
2020-12-30
Brazil Government Budget Deficit Widens in October
Brazil's nominal budget deficit widened to BRL 30.92 billion in October of 2020 from BRL 10.88 billion in the same month of the previous year. The central government shortfall rose sharply to BRL 33.28 billion from BRL 7.03 billion a year earlier. Additionally, the state-owned enterprises surplus decreased to BRL 0.38 billion from BRL 0.68 billion in October 2019. On the other hand, the regional government balance shifted to a BRL 1.98 billion surplus from BRL a 4.54 billion gap. The primary budget surplus declined to BRL 2.95 billion from BRL 9.44 billion a year ago.
2020-11-30
Brazil Government Budget Gap Widens More than Expected in September
Brazil's nominal budget deficit widened to BRL 103.4 billion in September 2020 from BRL 45.9 billion in the corresponding month of the previous year and compared with market expectations of a BRL 96 billion shortfall. The central government gap increased sharply to BRL 109.8 billion from BRL 41.3 billion a year earlier. Meanwhile, the state-owned enterprises budget shifted to a BRL 0.1 billion surplus from BRL 0.2 billion deficit in September 2019, and the regional government budget swung to a BRL 6.3 billion surplus from BRL a 4.5 billion shortfall. The primary budget gap advanced to BRL 64.6 billion from BRL 20.5 billion a year ago.
2020-10-30

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.