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31.03.202611:30:00UTC+00Brazil’s Budget Swings Deep Into Deficit in February After January Surplus

Brazil’s public finances deteriorated sharply in February 2026, with the national budget balance sliding to a deficit of 100.589 billion reais, according to data updated on 31 March 2026. The move marks a stark reversal from January 2026, when the budget balance had posted a surplus of 40.062 billion reais.

The February reading signals a significant shift in the government’s monthly fiscal position over just one period. While no specific drivers were detailed in the release, the scale of the swing from surplus to deficit will likely draw close attention from investors and policymakers monitoring Brazil’s fiscal trajectory and its implications for debt dynamics and broader economic stability.

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