Brazil market raises 2026 primary deficit estimate by R$777M; 2027 cut

The October Prisma Fiscal survey shows the median 2026 primary deficit estimate rose to R$53.048B from R$52.271B, while the 2027 projection was reduced. The government's target remains a 0.25% of GDP surplus, highlighting persistent fiscal slippage risk. This signals deteriorating market confidence in Brazil's fiscal trajectory.