Brasília – The Brazilian Central Government, which comprises the Central Bank, National Treasury and Social Security, posted a primary surplus of 5.375 billion reais (US$ 3 billion) in September. The amount, which is allocated to debt interest payment, is 2.908 billion reais (US$ 1,648 billion) higher than in August (2,467 billion reais, or US$ 1,398 billion). The National Treasury contributed 14,794 billion reais (US$ 8,384 billion) of the surplus, whereas the Social Security ran a deficit of 9,350 billion reais (US$ 5,299 billion). The Central also posted a deficit, at 68.2 million reais (US$ 35.6 million).
From January to September, the Central Government of Brazil ran a primary surplus of 75.198 billion reais (US$ 42.6 billion), equivalent to 2.51% of the Gross Domestic Product (GDP), as against 55.699 billion reais (US$ 31.5 billion), equivalent to 2.08% of the GDP, that were recorded in the same period of last year.
According to the National Treasury, the volume of funds transferred to the Brazilian states and municipalities increased by 23.1 billion reais (US$ 13 billion), or 23.2%. During the same period, the Growth Acceleration Program (PAC, a federal income transfer program) expenditure increased by 3.7 billion reais (US$ 2 billion), or 25.9%.
*Translated by Gabriel Pomerancblum
