Brazil's nominal budget deficit widened to BRL 68.0 billion in December 2018 from BRL 65.6 billion in the corresponding month of the previous year. Additionally, the primary budget shortfall rose to BRL 41.1 billion from BRL 32.3 billion a year earlier, as the central government budget gap increased to BRL 32.8 billion from BRL 22.2 billion. Meanwhile, state-owned companies recorded a BRL 1.9 billion surplus compared to a BRL 0.2 billion shortfall in December 2017. Also, the regional governments budget deficit narrowed to BRL 9.4 billion from 9.7 billion a year ago. Considering full 2018, the nominal budget deficit decreased to BRL 487.4 billion, or 7.09 percent of GDP, from BRL 511.4 billion, or 7.80 percent of GDP in 2017. Government Budget Value in Brazil averaged -15565.11 BRL Million from 1998 until 2018, reaching an all time high of 18626.11 BRL Million in January of 2018 and a record low of -123821.44 BRL Million in December of 2015.

Government Budget Value in Brazil is expected to be -52000.00 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 -53000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -55000.00 BRL Million in 2020, according to our econometric models.

Brazil Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-29 01:30 PM Nominal Budget Balance BRL -39.2B BRL -76.9B BRL-61.8B BRL -50B
2018-11-30 12:30 PM Nominal Budget Balance BRL -6.1B BRL -39.2B BRL-61.8B BRL -30B
2018-12-28 01:30 PM Nominal Budget Balance BRL-50.631B BRL-6.107B BRL -25B
2019-01-31 12:30 PM Nominal Budget Balance BRL-68.042B BRL-50.631B BRL -55B
2019-02-28 01:30 PM Nominal Budget Balance BRL-68.042B
2019-03-29 01:30 PM Nominal Budget Balance
2019-04-30 01:30 PM Nominal Budget Balance BRL -52B

Brazil Government Last Previous Highest Lowest Unit
Government Debt to GDP 74.04 69.95 74.04 51.27 percent [+]
Government Budget -7.80 -9.00 -2.00 -10.20 percent of GDP [+]
Government Budget Value -68042.00 -50631.00 18626.11 -123821.44 BRL Million [+]
Government Spending 148423.72 115589.83 170623.39 9016.42 BRL Million [+]
Government Revenues 141528.57 119420.36 155619.49 12715.40 BRL Million [+]
Military Expenditure 25751.34 24224.75 26125.26 1714.61 USD Million [+]
Credit Rating 34.34 [+]
Government Debt 5271982.26 5284132.65 5284132.65 1336644.90 BRL Million [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-68042.00 -50631.00 18626.11 -123821.44 1998 - 2018 BRL Million Monthly
Current Prices, NSA

Country Last Previous
Argentina -135316.20 Dec/18
Australia -292.00 Dec/18
Brazil -68042.00 Dec/18
Canada -2219.00 Nov/18
China -286.50 Nov/18
France -76.05 Dec/18
Germany 36.06 Jun/18
India -7014.57 Dec/18
Indonesia -259900.00 Dec/18
Italy 27.41 Dec/18
Japan -60963.00 Sep/18
Mexico -178960.00 Dec/18
Netherlands 1.50 Dec/18
Russia 282.64 Jan/19
Saudi Arabia -238494.00 Dec/17
Singapore -2211.70 Dec/18
South Africa 17725.00 Dec/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey -20758467.00 Dec/18
United Kingdom 1596.00 Dec/18
United States -13539.00 Dec/18