Brazil’s 2027 budget proposal targets a primary surplus of 0.1% of gross domestic product, according to Planning and Budget Minister Bruno Moretti. The projection was disclosed during an interview with Valor Econômico on Friday.
The 0.1% surplus falls short of the government’s active fiscal target of 0.5% of GDP for 2027, which excludes certain court-ordered debt payments known as precatórios. The target allows for a tolerance band of 0.25 percentage points, meaning the deviation remains within the permitted range.
