Brazil's nominal fiscal deficit approached 10% of GDP in the year to June 2026 as a 14.25% Selic rate swelled the government's interest bill.

Déficit nominal, quando se coloca o pagamento dos juros na conta, atingiu 9,99% do PIB nos 12 meses encerrados em junho

Definitive 2026 guide to Brazil's economy for foreigners, expats and investors: GDP growth, inflation, interest rates, fiscal rules, currency, sectors