Brazil's nominal budget deficit fell to BRL 20.1 billion in November of 2020 from BRL 53.2 billion in the same month of the previous year. It was the smallest nominal budget gap since January, as the central government shortfall narrowed significantly to BRL 19.2 billion from BRL 50.8 billion. Additionally, the regional government gap went down to BRL 0.6 billion from BRL 1.7 billion in November of 2019; and the state-owned enterprises deficit also decreased to BRL 0.4 billion from BRL 0.6 billion a year ago. Meanwhile, the primary budget shortfall rose to BRL 18.1 billion from BRL 15.3 billion in November of 2019. At the same time, net debt rose to 61.4% of GDP in November from 60% in October, the highest in 18 years, largely due to the appreciation of the real against the dollar. source: Banco Central Do Brasil
Government Budget Value in Brazil averaged -19393.44 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 January of 2021.
Government Budget Value in Brazil is expected to be -50000.00 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 -57000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -55000.00 BRL Million in 2021 and -49000.00 BRL Million in 2022, according to our econometric models.