Brazil's nominal budget surplus fell to BRL 46.7 billion in January 2023, from BRL 84.1 billion in the corresponding month of the previous year and compared with market estimates of BRL 90 billion. The central government surplus shrank to BRL 34.9 billion from BRL 64.9 billion in January 2022; and the regional governments' surplus went down to BRL 14.4 billion from BRL 15.1 billion. On the other hand, the state-owned enterprises' balance shifted to a deficit of BRL 2.6 billion, compared with a surplus of BRL 4.1 billion a year ago. Meanwhile, Brazil's gross debt continued to fall to 73.1% of GDP in January, its lowest since June 2017, from 73.5% in the previous month, mainly due to the growth of nominal GDP, followed by net debt redemptions, which are affected by positive budget balance figures. source: Banco Central Do Brasil
Government Budget Value in Brazil averaged -20223.46 BRL Million from 1998 until 2023, reaching an all time high of 84061.23 BRL Million in January of 2022 and a record low of -210161.02 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 March of 2023.
Government Budget Value in Brazil is expected to be -52800.00 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 -69077.00 BRL Million in 2024 and -70201.00 BRL Million in 2025, according to our econometric models.