Brazil Government Budget Value

Last Release

Dec 31, 2024

Actual

-80,372

Units In

BRL Million

-99,100

Frequency

Monthly

Next Release

Feb 28, 2025

Time to Release

26 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
84,061 Jan 2022	-210,161 Jun 2020	-25,267.6 BRL Million	1998-2024	Banco Central Do Brasil

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.

Latest Updates

Brazil posted a nominal budget deficit of BRL 80.4 billion in December 2024, down from BRL 193.4 billion in the same month of the previous year but larger than an expected BRL 60.3 billion shortfall. The central government gap shrank to BRL 60.7 billion from BRL 182.3 billion in December 2023, and the state-owned companies' surplus was little changed at BRL 0.6 billion. Conversely, the regional governments' shortfall rose to BRL 20.2 billion from BRL 11.8 billion. Meanwhile, the country's government debt as a share of the GDP fell significantly to 76.1% in December from 77.7% in the month before and below market forecasts of 77%, driven by the central bank's sale of foreign exchange reserves.