As Pará approaches the 2026 electoral year, it does so with a gross debt of 23% of its net current revenue (Receita Corrente Líquida), a figure that reflects a responsible fiscal approach amid rising overall debt levels. The data from the National Treasury indicates that Pará ranks as the ninth least indebted state in Brazil, well within the limit set by the Fiscal Responsibility Law of 200%, which is a stark contrast to the financial struggles faced by many other states.

The fiscal landscape across Brazil has been characterized by increasing restrictions, with other states like Rio de Janeiro exceeding the debt limit, which soared to 226% of its net current revenue. Meanwhile, regions such as Rio Grande do Sul, Minas Gerais, and São Paulo are grappling with debts that exceed 100% of their revenues. In this context, Pará's financial management appears robust, particularly as it demonstrates a revenue increase and a reliance on its own resources for over half of its investments, avoiding the need for new credit operations.

Overall, while Pará's debt has escalated from R$ 4.1 billion in 2018 to R$ 10.3 billion in 2025, the state is managing its fiscal policies effectively, contributing to a larger financial buffer as it heads into the upcoming election period. This fiscal autonomy may position the current administration favorably as it seeks to navigate potential economic challenges ahead.