Federal state-owned companies have a deficit of R$8.5 billion in nine months, the worst since 2002
The deficit accumulated up to September already exceeds the annual deficit for 2024, according to data from the Central Bank released on October 29th.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN
Federal state-owned companies closed the first nine months of 2026 with an accumulated deficit of R$8.5 billion, according to data from the Central Bank released on October 29. According to Revista Oeste, it is the worst result for the period since the beginning of the series, in 2002. The partial number already exceeds the annual deficit for 2024, of R$6.73 billion, the largest ever closed in the series.
The previous record for the same period, from January to September, belonged to 2025, with R$6.3 billion. The difference between the two years reaches around R$2.2 billion, which shows the worsening in a short period of time.
The September result was also negative. According to Money Times, the monthly deficit of federal state-owned companies was R$2.014 billion, the largest for the month in the entire historical series. Fernando Rocha, head of the Central Bank's Statistics Department, confirmed the record at the October 29 press conference.
When questioned, Rocha said that it was not possible to detail the cause of the result. He stated that spending above revenue could indicate more investments or rising expenses, but did not go into further detail.
Correios appears as the most visible case in the table. The state-owned company has accumulated 15 consecutive quarters with negative results and recorded a loss of R$5.6 billion in the first half of 2026, according to Revista Oeste.
As the results of state-owned companies make up the public sector's accounts, the persistence of the deficit is of interest to those who follow the country's fiscal trajectory, an issue that weighs on interest rates and exchange rates.
What changes for the investor
The data does not provide a price forecast, but it reinforces a point of attention for those who operate the stock market, interest rates and the dollar. The fiscal trajectory usually enters the radar of investors when evaluating rates and exchange rates. If the deficit of state-owned companies continues to grow and the cause is not clearly explained, the perception of fiscal risk may increase, with possible repercussions on interest rates and the exchange rate of the dollar. The next monthly results and possible details about the causes of the leak are the data to follow.
Automatically translated from Portuguese.
