Brasília – Brazil’s consolidated public finances, comprising the federal, state and local governments and state-run enterprises, ran a primary deficit of BRL 20.541 billion (USD 5,129 billion) in September, the Central Bank reported this Thursday (31). This was the best result for a September in four years, and a slight improvement over the BRL 24.621 billion (USD 6.148 billion) deficit in September 2018.
According to the Central Bank, last month saw so-called Central Government (National Treasury, Social Security and Central Bank) post a primary deficit of BRL 20.631 billion (USD 5,152 billion). States and municipalities ran a combined BRL 170 million (USD 42.4 million) deficit; and state-run companies, not including the Petrobras and Eletrobras conglomerates, saw a BRL 261 million (USD 65.1 million) primary surplus.
Year-to-date through September, public sector deficit was BRL 42.491 billion (USD 10.611 billion), with Central Government deficit at BRL 63.166 billion (USD 15.744 billion). This was partly offset by primary surpluses of BRL 19.644 billion (USD 4.905 billion) from states and municipalities and BRL 1.031 billion (USD 257.4 million) from state-run companies at the federal, state and local levels.
Translated by Gabriel Pomerancblum
