Brasília – The consolidated public sector (union, states, cities and state-owned companies) recorded a primary deficit of R$ 5.515 billion (US$ 2.8 billion) in November, according to a Fiscal Policy Report disclosed on Friday (28) by the Economic Department (Depec) of the Central Bank.
The Union and state-owned companies had deficits of R$ 5.875 billion (US$ 2.9 billion) and R$ 1,322 billion (US$ 650 million), respectively, while state governments had a surplus of R$ 1.404 billion (US$ 700 million) and city governments a surplus of R$ 277 million (US$ 138 million).
In the accumulated result from January to November, the primary surplus (sum of economies to cover debt service) totalled R$ 82.699 billion (US$ 41 billion). This is significantly less, therefore, than the R$ 126.8 billion (US$ 63 billion) in savings over the same period last year.
*Translated by Mark Ament
