Brazil ran a nominal deficit of 9.99% of GDP in the 12 months to June 2026. Interest was 8.80% of that; the primary gap was just 1.19%.
Rio Times · Brazil
Key Facts
—The number Brazil’s public sector ran a nominal deficit of R$1.318 trillion in the 12 months to June 2026 – 9.99% of GDP. The central bank published the figure on Friday 31 July.
—Almost all of it is interest Interest payments came to 8.80% of GDP. The primary deficit, which is spending against revenue before interest, was 1.19%.
—One month June alone brought R$110.7 billion in interest and a primary deficit of R$55.3 billion.
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Análise: Déficit nominal bate em 10% do PIB em 12 meses, puxado pelo gasto trilionário com juros
