Brasília – Subsidies for diesel oil and the increase in non-compulsory expenses were responsible for the Central Government (National Treasure, Social Security System and Central Bank) to register the second-largest deficit ever for a September with BRL 22.979 billion (USD 6.56 billion).
Only September 2016 registered a larger deficit with BRL 25.239 billion (USD 7.20 billion). In comparison to September of last year, the deficit increased 0.7% in nominal value, but dropped 3.7% when adjusted to last year’s inflation as measured by the Extended National Consumer Price Index (IPCA).
Primary deficit is the government’s fiscal deficit minus interest payment on public debt. From January to September, the deficit has reached BRL 81.591 billion (USD 23.26 billion), down 28.6% when compared to the same period of 2017 (BRL 109.566 billion/USD 31.24 billion), IPCA-adjusted. Even including September, the year-to-date ending in September deficit is the lowest for the first nine months of the year since 2015.
Translated by Sérgio Kakitani
