Fiscal Balance (consolidated public sector) in Brazil

Banco Central de Brasil (BCB) · Monthly · Importance 75

-166.0 (Jun-26) ABS · R$ bn · Mensual · CSV

Period	R$ bn
Jun 2026	-166.0
May 2026	-163.7
Apr 2026	-60.1
Mar 2026	-199.5
Feb 2026	-100.6
Jan 2026	40.1
Dec 2025	-115.5
Nov 2025	-101.6
Oct 2025	-81.5
Sep 2025	-102.2
Aug 2025	-91.5
Jul 2025	-175.6
Jun 2025	-108.1
May 2025	-125.9
Apr 2025	-55.5
Mar 2025	-71.6
Feb 2025	-97.2
Jan 2025	63.7
Dec 2024	-80.4
Nov 2024	-99.1
Oct 2024	-74.7
Sep 2024	-53.8
Aug 2024	-90.4
Jul 2024	-101.5
Jun 2024	-135.7
May 2024	-138.3
Apr 2024	-69.6
Mar 2024	-63.0
Feb 2024	-113.9
Jan 2024	22.2
Dec 2023	-193.4
Nov 2023	-80.9
Oct 2023	-47.1
Sep 2023	-99.8
Aug 2023	-106.6
Jul 2023	-81.9
Jun 2023	-89.6
May 2023	-119.2
Apr 2023	-25.4
Mar 2023	-79.5
Feb 2023	-90.6
Jan 2023	46.7
Dec 2022	-70.8
Nov 2022	-70.4
Oct 2022	-14.5
Sep 2022	-60.6
Aug 2022	-65.9
Jul 2022	-22.5
Jun 2022	-83.8
May 2022	-66.0
Apr 2022	-41.0
Mar 2022	-26.5
Feb 2022	-22.5
Jan 2022	84.1
Dec 2021	-54.2
Nov 2021	-26.6
Oct 2021	-25.0
Sep 2021	-42.0
Aug 2021	-29.7
Jul 2021	-55.4

Period	R$ bn
Jun 2026	-2.3
May 2026	-103.5
Apr 2026	139.4
Mar 2026	-98.9
Feb 2026	-140.7
Jan 2026	155.6
Dec 2025	-13.9
Nov 2025	-20.1
Oct 2025	20.7
Sep 2025	-10.7
Aug 2025	84.1
Jul 2025	-67.5
Jun 2025	17.8
May 2025	-70.3
Apr 2025	16.1
Mar 2025	25.6
Feb 2025	-161.0
Jan 2025	144.1
Dec 2024	18.7
Nov 2024	-24.4
Oct 2024	-20.9
Sep 2024	36.6
Aug 2024	11.1
Jul 2024	34.3
Jun 2024	2.5
May 2024	-68.6
Apr 2024	-6.7
Mar 2024	50.9
Feb 2024	-136.1
Jan 2024	215.7
Dec 2023	-112.5
Nov 2023	-33.7
Oct 2023	52.6
Sep 2023	6.8
Aug 2023	-24.6
Jul 2023	7.7
Jun 2023	29.6
May 2023	-93.8
Apr 2023	54.1
Mar 2023	11.1
Feb 2023	-137.3
Jan 2023	117.5
Dec 2022	-0.4
Nov 2022	-55.9
Oct 2022	46.1
Sep 2022	5.3
Aug 2022	-43.4
Jul 2022	61.3
Jun 2022	-17.8
May 2022	-24.9
Apr 2022	-14.6
Mar 2022	-3.9
Feb 2022	-106.6
Jan 2022	138.3
Dec 2021	-27.6
Nov 2021	-1.6
Oct 2021	17.0
Sep 2021	-12.3
Aug 2021	25.7
Jul 2021	20.2

Period	R$ bn
Jun 2026	-57.9
May 2026	-37.8
Apr 2026	-4.6
Mar 2026	-127.9
Feb 2026	-3.4
Jan 2026	-23.7
Dec 2025	-35.1
Nov 2025	-2.6
Oct 2025	-6.8
Sep 2025	-48.4
Aug 2025	-1.1
Jul 2025	-74.1
Jun 2025	27.6
May 2025	12.4
Apr 2025	14.1
Mar 2025	-8.6
Feb 2025	16.6
Jan 2025	41.5
Dec 2024	113.1
Nov 2024	-18.2
Oct 2024	-27.5
Sep 2024	46.0
Aug 2024	16.2
Jul 2024	-19.6
Jun 2024	-46.1
May 2024	-19.0
Apr 2024	-44.2
Mar 2024	16.5
Feb 2024	-23.3
Jan 2024	-24.5
Dec 2023	-122.6
Nov 2023	-10.5
Oct 2023	-32.7
Sep 2023	-39.2
Aug 2023	-40.7
Jul 2023	-59.4
Jun 2023	-5.8
May 2023	-53.3
Apr 2023	15.6
Mar 2023	-53.0
Feb 2023	-68.1
Jan 2023	-37.4
Dec 2022	-16.6
Nov 2022	-43.8
Oct 2022	10.5
Sep 2022	-18.6
Aug 2022	-36.2
Jul 2022	32.9
Jun 2022	-8.2
May 2022	-28.5
Apr 2022	-71.0
Mar 2022	18.1
Feb 2022	18.4
Jan 2022	66.1
Dec 2021	21.6
Nov 2021	-6.5
Oct 2021	5.9
Sep 2021	61.4
Aug 2021	92.1
Jul 2021	31.5

Period	R$ bn
Jun 2026	-55.3
May 2026	-56.1
Apr 2026	24.6
Mar 2026	-80.7
Feb 2026	-16.4
Jan 2026	103.7
Dec 2025	6.3
Nov 2025	-14.4
Oct 2025	32.4
Sep 2025	-17.5
Aug 2025	-17.3
Jul 2025	-66.6
Jun 2025	-47.1
May 2025	-33.7
Apr 2025	14.1
Mar 2025	3.6
Feb 2025	-19.0
Jan 2025	104.1
Dec 2024	15.7
Nov 2024	-6.6
Oct 2024	36.9
Sep 2024	-7.3
Aug 2024	-21.4
Jul 2024	-21.3
Jun 2024	-40.9
May 2024	-63.9
Apr 2024	6.7
Mar 2024	1.2
Feb 2024	-48.7
Jan 2024	102.1
Dec 2023	-129.6
Nov 2023	-37.3
Oct 2023	14.8
Sep 2023	-18.1
Aug 2023	-22.8
Jul 2023	-35.8
Jun 2023	-48.9
May 2023	-50.2
Apr 2023	20.3
Mar 2023	-14.2
Feb 2023	-26.5
Jan 2023	99.0
Dec 2022	-11.8
Nov 2022	-20.1
Oct 2022	27.1
Sep 2022	10.7
Aug 2022	-30.3
Jul 2022	20.4
Jun 2022	14.4
May 2022	-33.0
Apr 2022	38.9
Mar 2022	4.3
Feb 2022	3.5
Jan 2022	101.8
Dec 2021	0.1
Nov 2021	15.0
Oct 2021	35.4
Sep 2021	12.9
Aug 2021	16.7
Jul 2021	-10.3

Period	R$ bn
Jun 2026	0.8
May 2026	-80.8
Apr 2026	105.3
Mar 2026	-64.3
Feb 2026	-120.1
Jan 2026	97.4
Dec 2025	20.7
Nov 2025	-46.8
Oct 2025	49.8
Sep 2025	-0.2
Aug 2025	49.3
Jul 2025	-19.5
Jun 2025	-13.4
May 2025	-47.9
Apr 2025	10.6
Mar 2025	22.6
Feb 2025	-123.1
Jan 2025	88.4
Dec 2024	22.4
Nov 2024	-43.5
Oct 2024	44.2
Sep 2024	14.1
Aug 2024	-0.1
Jul 2024	19.5
Jun 2024	23.0
May 2024	-70.6
Apr 2024	5.5
Mar 2024	49.9
Feb 2024	-150.8
Jan 2024	231.7
Dec 2023	-92.3
Nov 2023	-52.1
Oct 2023	32.9
Sep 2023	4.8
Aug 2023	13.0
Jul 2023	13.1
Jun 2023	1.3
May 2023	-70.5
Apr 2023	34.5
Mar 2023	12.3
Feb 2023	-125.5
Jan 2023	110.8
Dec 2022	8.3
Nov 2022	-47.2
Oct 2022	16.3
Sep 2022	41.0
Aug 2022	-50.7
Jul 2022	6.0
Jun 2022	47.4
May 2022	-71.9
Apr 2022	34.6
Mar 2022	0.8
Feb 2022	-98.4
Jan 2022	101.7
Dec 2021	-14.9
Nov 2021	-20.4
Oct 2021	22.5
Sep 2021	-3.8
Aug 2021	27.0
Jul 2021	55.2

Period	R$ bn
Jun 2026	-8.2
May 2026	-22.4
Apr 2026	10.5
Mar 2026	-84.3
Feb 2026	2.6
Jan 2026	-0.4
Dec 2025	-9.5
Nov 2025	-7.8
Oct 2025	-4.5
Sep 2025	-10.1
Aug 2025	4.2
Jul 2025	-45.2
Jun 2025	-6.2
May 2025	30.2
Apr 2025	7.5
Mar 2025	2.4
Feb 2025	29.7
Jan 2025	1.9
Dec 2024	145.3
Nov 2024	30.7
Oct 2024	22.1
Sep 2024	10.7
Aug 2024	1.4
Jul 2024	14.5
Jun 2024	8.0
May 2024	-13.7
Apr 2024	-13.6
Mar 2024	15.4
Feb 2024	-22.2
Jan 2024	3.1
Dec 2023	-117.8
Nov 2023	-17.2
Oct 2023	-12.3
Sep 2023	-28.8
Aug 2023	7.4
Jul 2023	-56.2
Jun 2023	-63.3
May 2023	-17.2
Apr 2023	-18.6
Mar 2023	-18.5
Feb 2023	-29.9
Jan 2023	-2.8
Dec 2022	-11.9
Nov 2022	-35.1
Oct 2022	-8.3
Sep 2022	-2.2
Aug 2022	-47.0
Jul 2022	30.7
Jun 2022	79.9
May 2022	-17.5
Apr 2022	14.6
Mar 2022	-0.7
Feb 2022	15.2
Jan 2022	43.5
Dec 2021	52.0
Nov 2021	33.2
Oct 2021	32.4
Sep 2021	77.5
Aug 2021	104.3
Jul 2021	70.8

About this indicator

Source	Central Bank of Brazil (BCB) - Fiscal Statistics
Frequency	Monthly
Release	Ultimo dia habil del mes, con datos del mes anterior (el BCB puede aplazar por retraso del Tesouro Nacional)
What it is	Measures the fiscal balance of Brazil's consolidated public sector (central government, state and municipal governments and state-owned enterprises): the difference between public revenue and spending. The nominal result includes debt interest payments, while the primary result excludes them, reflecting the fiscal effort before financing costs.
How it's calculated	Compiled monthly by the Banco Central do Brasil (BCB) from its Fiscal Statistics, aggregating the cash flows and accounting indicators of the three tiers of government and state enterprises. The primary result is obtained by stripping net public-debt interest payments out of the nominal figure; a positive value means a surplus and a negative one a deficit.
Market implications	It is the official benchmark for Brazil's fiscal health and for the government's compliance with its fiscal targets. A persistent primary deficit weighs on the public-debt-to-GDP path and can affect the risk premium, the real's exchange rate and the BCB's Selic policy decisions.
Limitations	It is a volatile series month to month owing to one-off payments, the seasonality of tax revenue and dividend transfers from state firms such as Petrobras, so it is best read on a rolling 12-month basis. The figures may be revised in later releases.