Brazil posted a nominal budget deficit of BRL 60.1 billion in April 2026, up from BRL 55.5 billion in the same month a year ago and above the expected BRL 50.7 billion shortfall. The central government gap rose to BRL 50.1 billion from BRL 44 billion in April 2025, and the state-owned companies' shortfall deficit increased to BRL 2.4 billion from BRL 1.7 billion a year ago. Meanwhile, the regional governments' shortfall shrank to BRL 7.6 billion from BRL 9.9 billion a year ago. The country's government debt as a share of the GDP rose to 80.4%, the highest since December 2021, up from March's 80% and 76% in April 2025, slightly surpassing market forecasts of 80.3%.