Brazil's nominal budget deficit widened to BRL 121.9 billion in August 2020 from BRL 63.6 billion in the corresponding month of the previous year and compared with market expectations of a BRL 98.3 billion gap. The central government shortfall increased to BRL 126.9 billion from BRL 61.8 billion a year earlier; and the state-owned enterprises deficit went up to BRL 0.8 billion from BRL 0.3 billion. Meanwhile, the regional government budget shifted to a BRL 5.9 billion surplus from BRL 1.5 billion deficit in August 2019. The primary budget gap advanced to BRL 87.6 billion from BRL 13.4 billion a year ago.
Government Budget Value in Brazil averaged -19024.71 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 October of 2020. source: Banco Central Do Brasil
Government Budget Value in Brazil is expected to be -130000.00 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 -160000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -155000.00 BRL Million in 2021 and -149000.00 BRL Million in 2022, according to our econometric models.