The sewage sludge (SS) applied in planted forest soils, based on the nitrogen criterion, may increase the production of wood without causing damage to the forest environment. However, there is a need for research to evaluate the use of nutrients contained in the SS and to recommend appropriate management regarding for its application on soil using mineral fertilizer supplements by aspects of productivity and economic. The objective were to analyze the effect of combinations of sewage sludge doses and nitrogen and phosphate mineral fertilizer on the production on dry matter content and wood production of Eucalyptus grandis at 95 months after planting, and to evaluate the economic viability of SS recommendation and its complementation with nitrogen and phosphate mineral fertilizer for the forest producer. The experiment was installed in a commercial area of Suzano, in Angatuba-SP, sludge doses are applying (0, 7.7, 15.4 and 23.1 Mg ha-1 , dry base), and nitrogen mineral fertilizer (0; 46.9; 95.1 and 142 kg ha-1), phosphate (0, 27.7, 55.9 and 84 kg-1 P 2 O 5), and potassium (175 kg ha-1 K 2 O for all treatments, due to the low content of this nutrient in SS); in a randomized block design in a factorial 4x4x4. For the specific purpose of this study, combinations were taken in doses of N and P and among all these SS doses were studied. The production of dry matter and wood, calculated by equation Smalian were determined from measurements collected at 95 months post-planting eucalyptus. The revenue and cost values were raised in the reference year 2013. For the evaluation of the economic viability, we used the method of annualized net present value (ANPV), considering 6 and 12% per year discount rates and that the forest producer would bear 0 or 100% of the cost of transport of sewage sludge. There was a linear effect of SS doses on the production of dry biomass of wood, bark, leaf and branches and wood volume. The dose of 23.1 Mg ha-1 SS, equivalent to 150% of SS dose recommended by the criterion nitrogen, provided the highest total dry matter, 187 Mg ha-1 , and wood+bark of 173 Mg ha-1 and stem volume of 529 m 3 ha-1 , with average annual increment of 66 m 3 ha-1 yr-1. When considering the criterion to the application of SS, based on N, and the forestry producer has borne all the shipping cost of this waste, it was observed that the highest economic return treatment was that using a dose of 15.4 Mg ha-1 SS and 84 kg ha-1 P 2 O 5 to 6% per year discount rate; and one that applied 7.7 Mg ha-1 SS and 28 kg ha-1 P 2 O 5 to the interest discount rate to 12% per year rate. When the forest producer was exempted to pay the SS shipping cost, the most economically viable treatment was what used 15.4 Mg ha-1 doses of SS and 84 kg ha-1 P 2 O 5 to 6 and 12% per year discount rates.