Brazil Primary Balance (12-Month, % of GDP)

## What this measures

The public sector's balance before interest payments over the past 12 months, as a percent of GDP. The central bank publishes it as a borrowing requirement (positive = deficit); Palanor flips the sign so positive is a surplus.

## Why it matters

The primary balance is what the government controls; it decides whether debt can stabilise.

## How to read it

It was −0.6% (a deficit) in the 12 months to August 2026.

## What it does not say

It excludes interest, which in Brazil is several times larger than the primary balance.

## Source

Banco Central do Brasil, SGS series 5793 (NFSP sem desvalorização cambial, % PIB, 12 meses, resultado primário, setor público consolidado), sign reversed by Palanor. Palanor reads it every day. Contains information from Banco Central do Brasil's open data, made available under the Open Database License (ODbL).