Brazil's nominal budget gap widened to BRL 53.16 billion in November 2019 from BRL 50.63 billion in the same month of the previous year, as the central government deficit increased to BRL 50.83 billion from BRL 45.80 billion. Meanwhile, the state-owned enterprises gap declined to BRL 0.63 billion from BRL 1.01 billion and regional governments deficit fell significantly to BRL 1.69 billion from BRL 3.82 billion. The primary budget gap dropped slightly to BRL 15.31 billion from BRL 15.60 billion a year ago.

Government Budget Value in Brazil averaged -16436.15 BRL Million from 1998 until 2019, reaching an all time high of 26044 BRL Million in January of 2019 and a record low of -123821.44 BRL Million in December of 2015. 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. source: Banco Central Do Brasil

Government Budget Value in Brazil is expected to be -56000.00 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 -50000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -60000.00 BRL Million in 2020, according to our econometric models.


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Brazil Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-53157.00 -10885.00 26044.00 -123821.44 1998 - 2019 BRL Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 05:00 PM Aug BRL-63.644B BRL-30.263B BRL-53.75B BRL-54B
2019-10-31 12:40 PM Sep BRL-45.920B BRL-63.644B BRL-48.7B BRL -44B
2019-11-29 12:30 PM Oct BRL-10.9B BRL-45.92B BRL-25.007B BRL -10B
2019-12-30 12:30 PM Nov BRL-53.2B BRL-10.9B BRL -40B
2020-01-31 12:30 PM Dec BRL-53.2B BRL -60B


News Stream
2019-11-29
Brazil Budget Gap Widens Sharply in October
Brazil's nominal budget deficit widened to BRL 10.89 billion in October 2019 from BRL 6.11 billion in the same month of the previous year but better than market expectations of a BRL 25 billion shortfall. Still, the primary budget surplus rose to BRL 9.44 billion from BRL 7.80 billion a year ago, as state-owned enterprises surplus widened to BRL 1.12 billion from BRL 0.69 billion and regional governments deficit fell significantly to BRL 0.22 billion from BRL 3.09 billion. Meanwhile, the central government surplus decreased slightly to BRL 8.55 billion from BRL 10.20 billion a year ago.

2019-10-31
Brazil Budget Deficit Widens in September
Brazil's nominal budget deficit widened to BRL 45.92 billion in September 2019 from BRL 39.17 billion in the same month of the previous year and compared with market expectations of a BRL 48.7 billion shortfall. Meantime, the primary budget gap narrowed to BRL 20.54 billion from BRL 24.62 billion in the previous year, as the central government budget deficit decreased to BRL 20.63 billion from BRL 24.29 billion a year earlier. State-owned enterprises shortfall also declined to BRL 0.26 billion from BRL 0.47 billion while the regional governments surplus dropped to BRL 0.17 billion from BRL 0.79 billion a year ago.

2019-09-30
Brazil Government Budget Deficit Narrows in August
Brazil's nominal budget deficit narrowed to BRL 63.64 billion in August 2019 from BRL 76.93 billion in the corresponding month of the previous month, but was larger than an expected BRL 53.75 billion gap. Meantime, the primary budget deficit narrowed to BRL 13.45 billion from BRL 16.88 billion in the previous year, as the central government budget gap shrank to BRL 16.46 billion from BRL 20.85 billion a year ago. State-owned enterprises deficit also decreased to BRL 0.36 billion from BRL 0.59 billion and regional governments deficit slumped to BRL 2.66 billion from BRL 3.38 billion a year earlier.

2019-08-30
Brazil Budget Gap Little-Changed in July
Brazil's nominal budget deficit rose marginally to BRL 30.26 billion in July 2019 from BRL 29.16 billion in the corresponding month of the previous month but was larger than market expectations of a BRL 26.4 billion shortfall. Meantime, the primary budget deficit narrowed to BRL 2.76 billion from BRL 3.40 billion in the previous year, as the central government gap shrank to BRL 1.40 billion from BRL 2.68 billion a year ago. However, state-owned enterprises surplus decreased to BRL 0.56 billion from BRL 1.12 billion and regional governments deficit rose slightly to BRL 1.92 billion from BRL 1.85 billion a year earlier.

2019-07-29
Brazil Budget Deficit Narrows in June
Brazil's nominal budget deficit narrowed to BRL 30.10 billion in June 2019 from BRL 57.94 billion in the corresponding month of the previous year and compared with market consensus of BRL -50.6 billion. Also, the primary budget gap decreased to BRL 12.71 billion from BRL 13.49 billion in the previous year, as the central government shortfall fell to BRL 12.21 billion from BRL 14.95 billion a year earlier while state owned enterprises recorded a BRL 0.44 billion deficit compared to a BRL 1.11 billion surplus a year ago. Meantime, state-owned enterprises budget shifted to a BRL 1.11 billion deficit from BRL 0.49 billion surplus in the same month of the prior year.

2019-06-28
Brazil Budget Deficit Smaller than Expected
Brazil's nominal budget gap was little-changed at BRL 47.56 billion in May 2019, compared to BRL 47.90 billion in the corresponding month of the previous year and market expectations of BRL 50.25 billion. Also, state-owned enterprises budget deficit widened to BRL 1.54 billion from BRL 0.07 billion a year ago. Meantime, the primary budget surplus increased to BRL 13.01 billion from BRL 8.22 billion in the previous year, as the central government gap rose to BRL 13.19 billion from BRL 11.12 billion a year ago and state owned enterprises posted a BRL 1.06 billion deficit compared to a BRL 0.67 billion surplus a year ago.


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.

Brazil Government Last Previous Highest Lowest Unit
Government Debt to GDP 77.22 74.07 77.22 51.27 percent [+]
Government Budget -7.10 -7.80 -2.00 -10.20 percent of GDP [+]
Government Budget Value -53157.00 -10885.00 26044.00 -123821.44 BRL Million [+]
Government Spending 118425.10 107947.03 170623.39 9016.42 BRL Million [+]
Government Revenues 147500.72 125160.99 160425.52 12715.40 BRL Million [+]
Military Expenditure 30769.00 29283.00 30769.00 1946.00 USD Million [+]
Credit Rating 42.00 [+]
Government Debt 5602290.22 5549355.51 5617716.11 1336644.90 BRL Million [+]