Brasília – The consolidated Brazilian public sector, formed by the federation, the states and the cities, registered a negative balance in the public finances in November according to dada released this Friday (28) by the Central Bank. The primary deficit, revenues minus expenses, without considering interest expenses, stood at BRL 15.602 billion (USD 4.033 billion), well higher than the one from the same period of 2017, which was BRL 909 million (USD 235 million). This is the biggest deficit in November months since 2016, when it stood at BRL 39.141 billion (USD 10.108 billion).
Last month, the negative result was primarily due do the Central Government (Social Security, Central Bank and National Treasury), which showed a BRL 17.073 billion (USD 4.408 bilion) primary deficit, a worse result compared to November 2017, when the primary deficit was at BRL 366 million (USD 94 million). This negative result is explained by the social security deficit, which stood at BRL 17.968 billion (USD 4.644 billion) in November, while the Treasure registered a positive balance of BRL 948 million (USD 254 milion). The Central Bank had a BRL 52 million deficit.
The state governments showed a BRL 2.431 billion (USD 628 billion) surplus, and the city governments a BRL 423 million (USD 109 million) deficit. Federal, state and municipal state-owned enterprises, aside from Petrobras and Eletrobras groups, registered a BRL 138 deficit last month.
Translated by Guilherme Miranda
