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Fiscal Credibility Cracks as Brazil’s Deficit Worsens Amid Pre-Election Spending Exemptions

Brazil's projected 2026 primary deficit worsened to R$59.1 billion as Congress and the Executive approve new spending outside the fiscal rule's cap.

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Fiscal Credibility Cracks as Brazil’s Deficit Worsens Amid Pre-Election Spending Exemptions
Photo: Source: Ricardo StuckertCC BY 3.0 brPR / Wikimedia Commons

Brazil's projected 2026 primary deficit worsened to R$59.1 billion as Congress and the Executive approve new spending outside the fiscal rule's cap.

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