# Brazil's Oil Revenue Surpasses Budget Forecast

> Brazil's oil revenue to exceed budget by R$65bn as markets stabilize.
- Title: Brazil's Oil Revenue Surpasses Budget Forecast | Shortify
- Summary: Brazil's oil revenue to exceed budget by R$65bn as markets stabilize. Brazil's oil revenue will exceed budget forecasts by R$65bn this year due to higher oil…
- Keywords: brazil, oil revenue, budget forecast, national treasury, federal government, oil prices, financial markets, election, business, money, Brazil's, Oil
- Source: valorinternational — https://valorinternational.globo.com/economy/news/2026/10/30/brazils-oil-revenue-to-exceed-budget-forecast-by-r65bn.ghtml
- Published: 2026-10-30T15:16:23.582+00:00
- Read time: 1 min
- Topics: brazil, oil revenue, budget forecast, national treasury, federal government, oil prices, financial markets, election, business, money
## Oil Revenue Forecast
Brazil's oil revenue is expected to reach R$64.57 billion this year, exceeding the budget forecast.
## Market Turmoil After Election
Financial markets stabilized after two days of turmoil following President Lula's election victory.
## Surplus and Deficit
Central government recorded a R$4.83 billion surplus in September, but annual deficit stands at R$89.72 billion.
## Oil Revenue Sources
Royalties, government shares in oil exploration, and Pré-Sal Petróleo (PPSA) generate R$42.56 billion this year.
## Tax Relief Measures
Government tax relief measures are expected to total R$7 billion this year to cushion Iran war impacts on fuel prices.
## Expenditure Changes
Extraordinary budget credits increased by R$9.9 billion in September, contributing to a 2.4% rise in total expenditure.
## Key takeaway

Brazil's oil revenue will exceed budget forecasts by R$65bn this year due to higher oil prices, with markets returning to normal after election-related turmoil.