Brasília – Increased tax collection and lower expenditure led the federal, states and local governments in Brazil to post a BRL 12.908 billion (USD 3.934 billion) primary surplus, the highest for an April since BRL 13.445 billion (USD 4.908 billion) in 2015, the Central Bank reported this Friday (26).
The primary surplus consists of government savings intended for debt interest payments. According to Fernando Rocha, joint head of the Central Bank’s Economic Department, surpluses are usual in April due to tax revenue windfalls.
In the four months through April, a BRL 15.106 billion (USD 4. 604 billion) primary surplus was registered, up from a BRL 4.411 billion (USD 1.344 billion) surplus a year ago.
*Translated by Gabriel Pomerancblum
PUBLICIDADE
