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.

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Brazil Government Budget Value



Calendar GMT Actual Previous Consensus TEForecast
2023-01-30 12:30 PM Dec BRL-70.821B BRL57B BRL -37B
2023-02-28 12:30 PM Jan BRL46.692B BRL57.5B BRL90.000B BRL 28.2B
2023-03-31 11:30 AM Feb BRL46.692B BRL -43.1B


Related Last Previous Unit Reference
Government Debt to GDP 80.27 88.59 percent of GDP Dec 2021
Government Budget -4.50 -13.40 percent of GDP Dec 2021
Government Budget Value 46692.00 57500.00 BRL Million Jan 2023
Government Debt 7257238.78 7224882.23 BRL Million Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
46692.00 57500.00 84061.23 -210161.02 1998 - 2023 BRL Million Monthly
Current Prices, NSA

News Stream
Brazil Budget Surplus Unexpectedly Shrinks in January
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.
2023-02-28
Brazil Posts Widest Budget Gap in 6 Months
Brazil's nominal budget deficit rose to BRL 70.8 billion in December of 2022 from BRL 54.2 billion in the corresponding month of the previous year. That was the largest monthly budget shortfall since June 2022, as the central government deficit rose to BRL 45 billion from BRL 37 billion in December of 2021; and the regional governments' gap widened to BRL 26 billion from BRL 15.9 billion. On the other hand, the state-owned enterprises' balance shifted to a surplus of BRL 0.2 billion, compared with a deficit of BRL 1.4 billion a year ago. Meanwhile, Brazil's gross debt fell to 73.5% of GDP in December, its lowest in over five years, from 74.6% in November, mainly led by a nominal rise in GDP, which is also affected by inflation. Considering the whole year of 2022, the country's nominal budget gap widened to BRL 460.4 billion from BRL 384 billion a year earlier.
2023-01-30
Brazil Government Budget Gap Widens in November
Brazil's nominal budget deficit shrank to BRL 70.4 billion in November of 2022 from BRL 26.7 billion in the corresponding month of the previous year. It was the most significant budget shortfall since June, with the central government shortfall widening sharply to BRL 58.7 billion from BRL 36.9 billion a year ago. At the same time, state-owned companies' surplus accounts narrowed to BRL 289 million from BRL 636 million. On the other hand, regional governments posted a surplus of BRL 11.5 billion, compared with a deficit of BRL 7.6 billion in November of 2021.
2022-12-29