Brasília – The consolidated primary surplus – which includes federal, state and municipal governments, plus state-owned companies – reached 2.059 billion Brazilian reals (US$ 1.166 billion) in June and totalled 40.105 billion reals (US$ 22.722 billion) in the first half, the Brazilian Central Bank informed this Thursday (29th).
Last month’s result is lower than the one recorded in June 2009 (3.376 billion reals, equivalent to US$ 1.912 billion at current exchange rates). In the first half, however, the primary surplus was greater than in the same period last year (35.255 billion reals, or US$ 19.974 billion).
In the first six months this year, the Central Government (National Treasury, Central Bank, and the Welfare) contributed 24.767 billion reals (US$ 14.032 billion), the state governments contributed 13.966 billion reals (US$ 7.912 billion) and municipal governments contributed 1.993 billion reals (US$ 1.129 billion). State-owned companies, Petrobras not included, recorded a primary deficit of 621 million reals (US$ 351 million).
In the 12-month period ended June, the primary surplus was 69.368 billion reals (US$ 39.301 billion) or 2.07% of the Gross Domestic Product (GDP), which is the sum of all gods and services produced in the country.
The primary surplus is the difference between revenues and expenses, not counting public debt interest. The nominal surplus includes spending on interest. In June, the nominal deficit was 13.621 billion reals (US$ 7.717 billion), as against 10.130 billion reals (US$ 5.739 billion) in the same period of 2009.
In the first half, the nominal deficit was 51.229 billion reals (US$ 29 billion), as against 43.682 billion reals (US$ 24.749 billion) in the same period of last year. In the 12-month period ended June, the nominal deficit was 112.169 billion reals (US$ 63.551 billion) or 3.35% of the GDP.
*Translated by Gabriel Pomerancblum
