Politics · Brazil · 2 hrs ago
Commentary says Brazil needs urgent action on public finances
A commentary says Brazil’s public finances need urgent action from the government.
It compares current figures with those from the final years of Dilma Rousseff’s administration, during a major economic crisis.
The commentary says the primary deficit was 0.67% of GDP in July 2026, while the nominal deficit was 9.34%.
It also says government debt reached 82.51% of GDP, up from 71.38% in January 2023.
The Selic interest rate stood at 13.75%, close to the 14.25% level cited for 2016, and the commentary says debt is now higher than it was then.
It argues that the government should announce measures to address the fiscal situation, which could help calm financial markets.
The commentary warns that without a change in direction, the consequences could worsen, but does not describe any specific measures or timetable.
A commentary in Estadão says Brazil’s public finances need immediate action from the elected government.
It warns that without a change in course, the consequences could become more serious and markets may need reassurance.
The article compares current fiscal indicators with those during the government of Dilma Rousseff.
It says the latest available figures show a primary deficit of 0.67%, a nominal deficit of 9.34% and gross government debt at 82.51% of GDP.
The commentary says gross government debt is higher than during the 2016 crisis and calls the fiscal situation more serious in debt terms.
- Who
- The elected government of Brazil is urged to act.
- What
- An Estadão commentary says Brazil’s public finances need immediate treatment.
- When
- The commentary was published on October 28, 2026.
- Where
- Brazil.
- Why
- The article cites high deficits, a 13.75% Selic rate and gross government debt at 82.51% of GDP.
This story does not have two clearly opposing sides.
Brazil’s primary deficit was 0.56%, according to the article.
The primary deficit reached 2.30%, the nominal deficit reached 9.96% and gross government debt stood at 66.62%.
Gross government debt was 71.38% of GDP.
The latest available figures showed a primary deficit of 0.67% and a nominal deficit of 9.34%.
Estadão published the commentary calling for immediate action on public finances.
- Primary deficit, July 2026
- 0.67%
- Nominal deficit, July 2026
- 9.34%
- Selic rate
- 13.75%
- Gross government debt, latest figure
- 82.51% of GDP
- Debt increase since January 2023
- R$3.7 trillion (from R$7.257 trillion to R$10.946 trillion)
1 source
What people are saying
The fiscal situation demands immediate treatment by the elected government.
The fiscal scenario is extremely serious.