April’s result increased 9.8% with the help of the international price of a barrel, but early court orders weigh on the year
The federal government raised R$21.8 billion from oil exploration in April 2026, a real increase of 9.8% compared to the same period of the previous year. The data was presented on this Thursday (May 28, 2026).
According to the Deputy Secretary of the National Treasury, David Athayde, the increase reflects the increase in the international price of Brent oil and the expansion of national production.
“Royalties began to capture the increase in commodity prices recorded in March”he said. The extra income helps to reduce the speed of the fiscal hole in 12 months, which reached R$ 130.6 billion, equivalent to 0.97% of the Gross Domestic Product.
From January to April, public accounts recorded a surplus of R$8.7 billion compared to R$73.2 billion in 2025. Athayde stated that the accumulated result would be very similar to last year if the payment of court orders were disregarded.
Total expenditure rose 14.2% in the four months because court orders were concentrated in March this year, while in 2025 the disbursement took place in July.
The margin of the golden rule indicates an insufficiency of R$184.3 billion for the end of the year, a value lower than the R$283 billion in the previous projection.
The bimonthly report projects a deficit of R$60.3 billion for 2026, but establishes a margin of R$4.1 billion to meet the lower limit of the fiscal target.
Total collection rose 6% in real terms and net revenue increased 5.8% in the month. The collection administered by the Federal Revenue of Brazil grew 7.9%, with emphasis on the Income Tax Withheld at Source on capital and the Tax on Financial Operations.
Net collection for the General Social Security Regime expanded 7.2% due to the increase in wages and employment. On the other hand, non-managed revenues fell 4.7% due to the decline in the distribution of dividends from Caixa Econômica Federal.
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