Brazil's nominal budget deficit widened to BRL 121.9 billion in August 2020 from BRL 63.6 billion in the corresponding month of the previous year and compared with market expectations of a BRL 98.3 billion gap. The central government shortfall increased to BRL 126.9 billion from BRL 61.8 billion a year earlier; and the state-owned enterprises deficit went up to BRL 0.8 billion from BRL 0.3 billion. Meanwhile, the regional government budget shifted to a BRL 5.9 billion surplus from BRL 1.5 billion deficit in August 2019. The primary budget gap advanced to BRL 87.6 billion from BRL 13.4 billion a year ago.

Government Budget Value in Brazil averaged -19024.71 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 October of 2020. source: Banco Central Do Brasil

Government Budget Value in Brazil is expected to be -130000.00 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 -160000.00 in 12 months time. In the long-term, the Brazil Government Budget Value is projected to trend around -155000.00 BRL Million in 2021 and -149000.00 BRL Million in 2022, according to our econometric models.

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Brazil Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-121880.00 -86909.00 26044.00 -210161.00 1998 - 2020 BRL Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
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-210.2B BRL-140.4B BRL-164.079B BRL -160B
2020-08-31 12:30 PM Jul BRL-86.909B BRL-210.161B BRL-109.9B BRL-113B
2020-09-30 12:30 PM Aug BRL-121.88B BRL-86.909B BRL-98.3B BRL-99B
2020-10-30 12:30 PM Sep BRL-121.88B BRL -130B
2020-11-30 12:30 PM Oct
2020-12-30 12:30 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Brazil Government Budget Deficit Widens More than Expected in August
Brazil's nominal budget deficit widened to BRL 121.9 billion in August 2020 from BRL 63.6 billion in the corresponding month of the previous year and compared with market expectations of a BRL 98.3 billion gap. The central government shortfall increased to BRL 126.9 billion from BRL 61.8 billion a year earlier; and the state-owned enterprises deficit went up to BRL 0.8 billion from BRL 0.3 billion. Meanwhile, the regional government budget shifted to a BRL 5.9 billion surplus from BRL 1.5 billion deficit in August 2019. The primary budget gap advanced to BRL 87.6 billion from BRL 13.4 billion a year ago.
2020-09-30
Brazil Government Budget Deficit Widens in July
Brazil's nominal budget deficit widened to BRL 86.9 billion in July 2020 from BRL 30.3 billion in the corresponding month of the previous year, compared with market expectations of a BRL 109.9 billion shortfall. The central government shortfall went up to BRL 91.0 billion from BRL 24.1 billion a year earlier. On the other hand, the regional government budget shifted to a BRL 3.6 billion surplus from BRL 6.3 billion gap in July 2019 and the state-owned enterprises surplus advanced to BRL 0.47 billion from BRL 0.13 billion. The primary budget recorded a deficit of BRL 81.07 billion compared to a BRL 2.76 billion gap a year earlier.
2020-08-31
Brazil Posts Largest Budget Deficit on Record
Brazil's nominal budget deficit widened sharply to BRL 210.1 billion in June 2020 from BRL 30.1 billion in the corresponding month of the previous year, well above market expectations of a BRL 164.1 billion gap. It is the largest nominal budget shortfall ever, as the central government deficit increased to BRL 213.0 billion from BRL 24.9 billion a year earlier. Also, the regional government budget shifted to a BRL 2.6 billion surplus from BRL 4.1 billion gap in June 2019 and the state-owned enterprises reported a BRL 0.25 billion surplus compared to a BRL 0.1 billion shortfall. The primary budget recorded a deficit of BRL 188.7 billion compared to a BRL 12.7 billion gap a year earlier.
2020-07-31
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 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.