Brasília – Brazilian public finances had a negative balance in March. According to data released this Tuesday (30) by the Central Bank of Brazil (BC, acronym in Portuguese), the consolidated public sector, formed by the federation, the states, and the cities, recorded a primary deficit of BRL 18.629 billion (USD 4.733 billion) last month. In March 2018 the negative result was greater: BRL 25.135 billion (USD 6.386 billion). The primary result is formed by revenues minus spending, without considering the interest expense.
In March, the Central Government (Social Security, Central Bank, and Treasury) was responsible for the negative balance, presenting a primary deficit of BRL 20.4 billion (USD 5.2 billion). State and city governments recorded a positive balance: BRL 1.517 billion (USD 385 million) and BRL 14 million (USD 4 million), respectively. Federal-, state- and city-owned companies, except for Petrobras and Eletrobras, recorded a primary surplus of BRL 239 million (USD 61 million) last month.
Translated by Guilherme Miranda
