Brazil's nominal budget deficit widened to BRL 140.4 billion in May of 2020 from BRL 47.6 billion in the corresponding month of the previous year and compared with market expectations of a BRL 158.2 billion shortfall. It is the largest nominal budget gap ever, as the central government deficit widened sharply to BRL 132.8 billion from BRL 43.2 billion; and the regional governments gap went up to BRL 7.6 billion from BRL 2.9 billion. On the other hand, the state-owned enterprises reported a BRL 0.25 billion surplus compared to a BRL 1.5 billion shortfall. The primary budget recorded a deficit of BRL 131.4 billion compared to a BRL 13.1 billion deficit a year earlier.
Government Budget Value in Brazil averaged -17622.01 BRL Million from 1998 until 2020, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -140400 BRL Million in May 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 July of 2020. source: Banco Central Do Brasil
Government Budget Value in Brazil is expected to be -170000.00 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 -190000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -195000.00 BRL Million in 2021 and -210000.00 BRL Million in 2022, according to our econometric models.