Income from pre-salt and non-use of some funds caused National Treasury, Social Security, and Central Bank to reach a lower joint deficit than in 2018.
Browsing: primary deficit
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
Brazil’s National Treasury secretary Mansueto de Almeida said the deficit should end the year at 1% of GDP, a narrower rate than the previously forecasted 1.8%.
This was the best consolidated public finances result for a September in four years.
Federal, states and local governments in Brazil had deficits in July, despite being the best result for the month since 2013.
The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.
Negative balance in March, however, was smaller than in March 2018.
Summing all up, Brazilian federation, states and cities showed a primary deficit in November according to Central Bank.
Brazil’s National Treasury, Social Security and Central ran a combined BRL 9.45 billion (USD 2.44 billion) primary surplus, the widest for an October since 2016.
Federal, states and local governments in Brazil had deficits in July, but they were much narrower than in July 2017.
Banks polled by the Brazilian Ministry of Finance expect the Central Government to run a BRL 149.6 billion deficit this year, down from a prior BRL 151.1 billion.
Federal, state and local governments ran a combined USD 2.1 billion deficit, which is much narrower than the BRL 30.7 billion deficit seen in May 2017.
Banks surveyed by the Ministry of Finance expect a deficit below the official target for this year.
