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Brazil's Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest.
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%.
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Timeline cronologica
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Brazil's State Companies Lost More in Six Months Than in Any Full Year on Record
Brazil's federal state companies ran a R$7.8 billion (US$1.54bn) primary deficit in the first half of 2026 - more than in any full year since records began.
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Brazil Nominal Deficit Nears 10% of GDP in 2026
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.
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Brazil's Deficit Is Almost 10% of GDP. Nine-Tenths of It Is Interest.
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%.