Brazil's nominal budget deficit widened to R$100.6 billion in February 2026 from R$97.2 billion. The consolidated public sector recorded a primary deficit of R$16.4 billion in February, compared to R$19.0 billion in February 2025. The Central Government posted a R$29.5 billion deficit while state-owned enterprises recorded a R$568 million deficit, offset by regional governments' R$13.7 billion surplus. Nominal interest on the consolidated public sector totaled R$84.2 billion in February 2026, up from R$78.3 billion in February 2025. This increase was driven by higher net indebtedness, the Selic rate, and inflation, more than offsetting two fewer business days and more favorable foreign exchange swap results. Over 12 months, the nominal deficit reached R$1,089.6 billion, representing 8.48% of GDP and remaining stable as a share of GDP compared to the prior month. source: Banco Central Do Brasil

Brazil recorded a government budget deficit of 100589 BRL Million in February of 2026. Government Budget Value in Brazil averaged -27915.28 BRL Million from 1998 until 2026, 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 April of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-27 11:30 AM
Nominal Budget Balance
Jan BRL40.062B BRL-115.502B BRL49.5B BRL 54.0B
2026-03-31 11:30 AM
Nominal Budget Balance
Feb BRL-100.589B BRL40.062B BRL-75.0B
2026-04-30 11:30 AM
Nominal Budget Balance
Mar BRL-100.589B BRL-120.0B


Related Last Previous Unit Reference
Government Budget -8.30 -8.50 percent of GDP Dec 2025
Nominal Budget Balance -100589.00 40062.00 BRL Million Feb 2026
Government Debt 10178332.41 10079963.20 BRL Million Feb 2026
Government Debt to GDP 76.50 73.83 percent of GDP Dec 2024
Gross Debt to GDP 79.20 78.70 percent of GDP Feb 2026


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
-100589.00 40062.00 84061.23 -210161.02 1998 - 2026 BRL Million Monthly
Current Prices, NSA

News Stream
Brazil's Budget Deficit Widens in February
Brazil's nominal budget deficit widened to R$100.6 billion in February 2026 from R$97.2 billion. The consolidated public sector recorded a primary deficit of R$16.4 billion in February, compared to R$19.0 billion in February 2025. The Central Government posted a R$29.5 billion deficit while state-owned enterprises recorded a R$568 million deficit, offset by regional governments' R$13.7 billion surplus. Nominal interest on the consolidated public sector totaled R$84.2 billion in February 2026, up from R$78.3 billion in February 2025. This increase was driven by higher net indebtedness, the Selic rate, and inflation, more than offsetting two fewer business days and more favorable foreign exchange swap results. Over 12 months, the nominal deficit reached R$1,089.6 billion, representing 8.48% of GDP and remaining stable as a share of GDP compared to the prior month.
2026-03-31
Brazil's Nominal Budget Deficit Narrows in January
Brazil's nominal budget deficit narrowed to R$40.1 billion in January 2026 from R$63.7 billion a year earlier, coming in slightly below forecasts of R$49.5 billion. The consolidated public sector posted a primary surplus of R$103.7 billion, compared to R$104.1 billion in January 2025. The Central Government and regional governments recorded surpluses of R$87.3 billion and R$21.3 billion, respectively, while state-owned enterprises posted a deficit of R$4.9 billion. Nominal interest expenses for the consolidated public sector totaled R$63.6 billion in January, up from R$40.4 billion a year earlier. The increase was driven by growth in the Selic rate and net debt stock, which more than offset gains from foreign exchange swap operations. Over the twelve-month period, the nominal deficit reached R$1,086.2 billion (8.49% of GDP).
2026-02-27
Brazil Nominal Budget Deficit Widens in December
Brazil’s nominal budget deficit widened to R$115.5 billion in December 2025, from R$80.4 billion in December 2024, above forecasts of a R$95.4 billion deficit. In the month, the consolidated public sector posted a surplus of R$6.3 billion, down from a surplus of R$15.7 billion a year earlier. The result reflected surpluses of R$21.6 billion in the Central Government and R$4.5 billion in state-owned enterprises, which were partly offset by a R$19.8 billion deficit in regional governments. Nominal interest expenditures rose to R$121.8 billion, from R$96.1 billion in December 2024, driven by higher Selic rates and a larger net debt stock. For full-year 2025, the consolidated public sector recorded a nominal deficit of R$1,062.6 billion, equivalent to 8.34% of GDP, compared with a deficit of R$998.0 billion, or 8.47% of GDP, in 2024.
2026-01-30