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BCB Focus Survey, June Budget Balance, Net Debt Due Today

BRAZIL
  • The BCB will publish its weekly Focus survey at 1225BST(0725ET), followed by June budget balance data at 1230BST. Analysts expect the primary deficit to narrow to BRL 39.5bn, from a BRL 63.9bn deficit in May, while the overall nominal deficit comes in at BRL 103.4bn. At the same time, net debt is expected to edge up to 62.5% of GDP. Later in the day, total federal debt figures for June will be released at 1900BST(1400ET).
    • June Primary Budget Balance, est. -39.5b, prior -63.9b
    • June Nominal Budget Balance, est. -103.4b, prior -138.3b
    • June Public Net Debt %GDP, est. 62.5%, prior 62.2%
    • June Federal Debt Total, prior 6.91t
  • Elsewhere, Petrobras will release its Q2 output report after the market closes today. Meanwhile, BCB President Campos Neto is due to meet Minas Gerais state Governor Romeu Zema at 1445BST(0945ET).

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