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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Government Budget Value climbed to -4.62B in May 2014
FMPMonthlyReleased May 2014
Brazil Government Budget Value climbed to -4.62B in May 2014, up 8.4B from April's -13.02B reading.
Latest Release
-4.620000
Actual
—
Consensus
-13.020000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Budget Value (Brazil) was reported at -4.62 billion in May 2014. The reading rose from the previous value of -13.02 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 28) and Gross Domestic Product YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update May 2014.
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Government Budget Value - BR
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About Government Budget Value — Brazil
DEFINITION
The Government Budget Value is a key financial indicator that measures the total amount of money the government has allocated for its expenditures and revenues within a specific period of time. This indicator provides valuable insights into the financial health of a country and its ability to manage its finances effectively. It is often used by investors, policymakers, and economists to assess the government's fiscal policies and their impact on the overall economy. A positive budget value indicates a surplus, while a negative value indicates a deficit. This indicator is crucial in understanding the government's financial priorities and its impact on the country's economic stability.
WHY THIS INDICATOR MATTERS
Fiscal and debt-supply data influence sovereign-yield term premia and currency expectations, particularly when supply pressures interact with policy normalization. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2014): actual -4.62 B. Prior reading (Mar 2014): -13.02 B. Before that (Feb 2014): -9.516 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.