Silica nanoparticles (SiNPs) and brassinolide (BR) have been used as nano-fertilizer and growth regulator, respectively to enhance crop tolerance to abiotic stress. However, it is unclear whether a combination of the two (BR+SiNPs) is more beneficial than single application of BR or SiNPs to improve the growth of deficit-irrigated sugar beets. In this study, a two-year (2022-2023) field experiment was conducted to investigate the effects of foliar spraying of water (CK), SiNPs, BR, and BR+SiNPs on the antioxidant defense, photosynthetic capacity, dry matter accumulation, nutrient uptake, and yield of sugar beets under full irrigation (100% of crop evapotranspiration (ETc), W1) and deficit irrigation (60% ETc, W2). The results showed that compared with the application of BR or SiNPs, the application of BR+SiNPs could enhance the antioxidant defense, osmoregulation, and photosynthesis of the full-irrigated and deficit-irrigated sugar beet leaves, and ultimately improved the water status, growth, and yield of sugar beet plants. There was no significant difference in the net revenue (NR) between BR+SiNPs treatment and CK under W1 conditions. However, the NR of the BR+SiNPs treatment increased by 27.0% (p < 0.05) compared with that of CK under W2 conditions, and there was no significant difference in NR between BR+SiNPs and SiNPs treatments. A comprehensive evaluation using entropy weight combined with technique for order preference by similarity to ideal solution method found that under deficit irrigation condition, spraying SiNPs could improve the growth of sugar beet, increase the TY, NR, and water use efficiency, and reduce costs compared with spraying BR+SiNPs. Therefore, foliar spraying of SiNP on deficit-irrigated sugar beets can be used to improve sugar beet growth and reduce the potential economic losses caused by deficit irrigation.