Brazil’s Fiscal Deficit Widens in July ℹ️
Brazil's budget deficit significantly widened in July 2025, with the nominal deficit increasing to R$175.6 billion and public sector primary deficit reaching R$66.6 billion, while gross debt rose to 77.6% of GDP.
Substantial fiscal deterioration signals increasing economic stress, with rising deficits across government sectors and growing debt-to-GDP ratio, which could negatively impact emerging market investments and regional economic stability.
India Budget Deficit Widens ℹ️
India's budget deficit widened to INR 4.68 trillion in the first four months of the fiscal year, with increased government expenditure and potential economic challenges.
Widening budget deficit signals potential economic stress, increased government spending, and potential challenges for market stability. The fiscal strain could impact emerging market investments and overall economic growth trajectory.
Canada Government Budget Surplus Expands in June ℹ️
Canada's government reported a CAD 3.63 billion budgetary surplus in June 2025, up from CAD 0.939 billion in June 2024, with increased revenues from corporate income tax and customs duties.
Fiscal data indicates modest improvement in government revenues with marginal shifts in spending and debt charges, suggesting stable economic conditions without significant market disruption.