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.

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Brazil Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-140401.00 -115820.00 26044.00 -140401.00 1998 - 2020 BRL Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 12:30 PM Feb BRL-49.36B BRL19.12B BRL -42B
2020-04-30 05:00 PM Mar BRL-79.7B BRL-49.36B BRL-66B BRL -68B
2020-05-29 12:30 PM Apr BRL-115.8B BRL-79.7B BRL-120.1B BRL-110B
2020-06-30 12:30 PM May BRL-140.4B BRL-115.8B BRL-158.2B BRL-140B
2020-07-31 12:30 PM Jun BRL-140.4B BRL -150B
2020-08-31 12:30 PM Jul
2020-09-30 12:30 PM Aug
2020-10-30 12:30 PM Sep BRL -170B


News Stream
Brazil Government Budget Deficit Highest on Record
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.
2020-06-30
Brazil Posts Largest Government Budget Deficit in Over 4 Years
Brazil's nominal budget deficit decreased to BRL 115.8 billion in April 2020 from BRL 28.0 billion in the corresponding month of the previous year and compared with market expectations of a BRL 120.1 billion shortfall. It was the largest nominal budget gap since December 2015, as the central government deficit widened sharply to BRL 109.51 billion from BRL 22.88 billion; and the state-owned enterprises shortfall increased to BRL 0.75 billion from BRL 0.72 billion. Additionally, the regional governments gap went up to BRL 5.55 billion from BRL 4.44 billion. The primary budget recorded a deficit of BRL 94.30 billion compared to a BRL 6.64 billion surplus in April 2019.
2020-05-29
Brazil Posts Largest Government Budget Deficit in Over 3 Years
Brazil's nominal budget deficit rose to BRL 79.70 billion in March 2020 from BRL 62.17 billion in the corresponding month of the previous year and compared with market expectations of a BRL 66 billion gap. It was the largest nominal budget shortfall since December 2016, as the central government gap widened sharply to BRL 72.82 billion from BRL 57.71 billion; and the state-owned enterprises deficit increased to BRL 0.33 billion from BRL 0.29 billion. In addition, the regional governments shortfall went up to BRL 6.55 billion from BRL 4.20 billion. The primary budget gap advanced to BRL 23.66 billion from BRL 18.63 billion in March 2019.
2020-04-30
Brazil Government Budget Deficit Widens in February
Brazil's nominal budget deficit increased to BRL 49.36 billion in February 2020 from BRL 45.01 billion in the same month of the previous year, as the central government gap widened to BRL 51.54 billion from BRL 46.0 billion. Also, the state-owned enterprises surplus went down to BRL 0.21 billion from BRL 0.33 billion a year earlier. Meanwhile, the regional governments surplus advanced to BRL 1.98 billion from BRL 0.67 billion. The primary budget shortfall rose to BRL 20.90 billion from BRL 14.93 billion in February 2019.
2020-03-31

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.