Brasília – Even without Refis (tax renegotiations program), the Central Government – composed by the National Treasury, Social Security, and Central Bank – has started the year with a primary surplus higher than expected. According to numbers released this Wednesday (27) by the Treasury, the saving resources reached BRL 30.238 billion (USD 8.056 billion) in January.
This was the second-best result for this month, losing only to January of last year (BRL 30.842 billion [USD 8.217]). According to Prisma Fsical, a survey led by the Brazil’s Ministry of Economy with financial institutions, the market expected a BRL 28.4 billion (USD 7.6 billion) surplus for January.
The primary surplus is the saving resources to pay the public debt interests. Traditionally, January is a month that registers a surplus because of the income tax and the social contribution on net profits paid by the companies. Other factor that has driven the result was the improved royalty payment for exploration of natural resources, specially petroleum.
Translated by Guilherme Miranda
