Brazil’s 2027 budget proposal forecasts a 0.1% primary surplus, according to Planning and Budget Minister Bruno Moretti. The figure, disclosed in an interview with Valor Economico, is below the government’s official target of 0.50% of GDP.
The discrepancy falls within the 0.25 percentage-point tolerance range permitted under the current fiscal framework. The target excludes certain expenditures, including court-ordered payments, which are not factored into the primary surplus calculation.
Moretti’s remarks follow a period of fiscal adjustments as Brazil seeks to stabilize public finances amid economic uncertainty. The 2027 budget draft will be submitted for legislative review in the coming months, with final approval subject to congressional deliberation.
