Brasília – The primary deficit forecast from financial institutions polled by the Brazilian Ministry of Finance has narrowed down. Brazil’s so-called Central Government (National Treasury, Social Security and Central Bank) for this year moved from BRL 151.192 billion (USD 39.375 billion) in June to BRL 149.642 billion (USD 38.972 billion) this month.
The estimate is lower than the government’s deficit target, which is BRL 159 billion (USD 41.4 billion). A primary deficit consists of revenue minus expenditure, excluding interest spending. The new number is from a poll of financial market players conducted by the Finance Ministry’s Secretariat for Economic Policy.
In 2019, Brazil is expected to see a BRL 123.288 billion (USD 32.108 billion) primary deficit, which is wider than the BRL 117.875 billion (USD 30.698 billion) forecast issued last June.
Translated by Gabriel Pomerancblum
