Brazil’s public finances deteriorated further at the end of 2025, with the budget balance deficit expanding in December. The indicator reached -115.502 billion reais in December 2025, compared with a deficit of -101.600 billion reais recorded in November 2025.
The data, updated on 30 January 2026, show a marked month-on-month worsening of the fiscal position, signaling mounting pressures on Brazil’s budget at year-end. While the figures confirm a deepening shortfall, no additional details on the drivers of the deterioration—such as revenue performance or spending dynamics—were provided in the latest release.
