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Brazil June Primary Deficit Shrinks, Nominal Gap Misses Forecast

8/1/2026

27 4 Full Breakdown

Summary

Story summary

Brazil’s primary budget deficit fell to R$55.3 billion in June, down from R$56.131 billion in May, a reduction of about R$831 million.
Analysts say the improvement stemmed from higher tax revenues and tighter discretionary spending.
The nominal deficit reached R$166 billion in June, far above the R$133.2 billion forecast, raising concerns about borrowing costs and sovereign risk premiums.

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Story summary

Brazil’s primary budget deficit fell to R$55.3 billion in June, down from R$56.131 billion in May, a reduction of about R$831 million.
Analysts say the improvement stemmed from higher tax revenues and tighter discretionary spending.
The nominal deficit reached R$166 billion in June, far above the R$133.2 billion forecast, raising concerns about borrowing costs and sovereign risk premiums.