BUSINESSTHE RIO TIMES
Brazil Nominal Deficit Nears 10% of GDP in 2026
Brazil’s nominal fiscal deficit widened to nearly 10% of GDP in the 12 months to June 2026, the largest since 2021. Nominal interest payments reached R$1.11 trillion (US$219bn), or 8.48% of GDP, in the year to May 2026.
Related Signal
Adjacent reporting
- Brazil Federal Debt Tops US$1.8 Trillion in June
- Brazil’s Government Now Admits a R2 Billion Hole in Its 2026 Budget
- Brazil FDI Jumps 33% as June Deficit Narrows to US$2.3 Bn
- Brazil’s State Companies Have Already Lost More Than in All of Last Year
- Brazil’s State Companies Lost More in Six Months Than in Any Full Year on Record