Record Discounts and Cut in Investment Boost Budget Surplus in 2025

Luís Montenegro, Prime Minister, and Joaquim Miranda Sarmento, Minister of Finance. Parliament, October 28, 2025.Photo: Leonardo Negrão

IBGE shows that the government received R$1.250 million more from Social Security compared to what was estimated in October. Investment rose much less than expected and saved R$1.4 billion in expenses.

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