Brazil's nominal budget deficit narrowed to BRL 41.0 billion in February of 2021 from BRL 49.4 billion in the same month of the previous year. The central government gap tightened to BRL 48.0 billion from BRL 51.5 billion; and the state-owned enterprises account switched to a deficit of BRL 0.2 billion compared to a surplus of BRL 0.2 billion. Meanwhile, the regional government surplus widened to BRL 7.3 billion from BRL 2.0 billion. Finally, gross government debt reached 90.0% of GDP in February, the highest level on record, from a downwardly revised 89.4% ratio in January. source: Banco Central Do Brasil
Government Budget Value in Brazil averaged -19465.30 BRL Million from 1998 until 2021, 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 April 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.