Brasília – Financial institutions polled by the Ministry of Finance revised down their forecast for the deficit of Brazil’s current account this year. The forecast for the primary budget of the Central Government (National Treasury, Social Security System and Central Bank) went from BRL 149.642 billion (USD 40.10 billion) in July, to BRL 148.171 billion (USD 39.71 billion) in August. The forecast stands below the deficit target set by the government at BRL 159 billion (USD 42.61 billion).
The primary budget balance is revenues minus spending before interest rates. The data is part of the survey Prisma Fiscal, conducted by the Secretary of Economic Policy of the Ministry of Finance. For 2019, the forecast by financial institutions for the current account deficit remained at BRL 123.288 (USD 33.04 billion).
Translated by Sérgio Kakitani
