Brazil's nominal budget deficit shrank to BRL 14.5 billion in October of 2022, from BRL 25 billion in the corresponding month of the previous year and better than market forecasts of a BRL 20.3 billion gap. It was the smallest budget shortfall since a surplus was recorded in January this year, as the central government shortfall fell sharply to BRL 2.7 billion from BRL 27.9 billion in October of 2021; and state-owned companies posted a surplus of BRL 0.32 billion, switching from a deficit of BRL 0.80 billion. On the other hand, regional governments posted a deficit of BRL 12.1 billion, compared with a surplus of BRL 3.7 billion in October of 2021. source: Banco Central Do Brasil
Government Budget Value in Brazil averaged -20552.82 BRL Million from 1998 until 2022, reaching an all time high of 84061.00 BRL Million in January of 2022 and a record low of -210161.00 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 December of 2022.
Government Budget Value in Brazil is expected to be -37000.00 BRL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Government Budget Value is projected to trend around -35000.00 BRL Million in 2023, according to our econometric models.