Brasília – Brazil’s federal, state and local governments ran a BRL 4.758 billion (USD 1.476 billion) primary surplus – meaning revenue exceeded expenditure, interest-related spending not included. The information was made public this Wednesday (29) by the Brazilian Central Bank. This was the first surplus in five months. October 2016 had seen a much wider surplus, at BRL 39.589 billion (USD 12.284 billion). <\/p>\n
The head of the Central Bank’s Department of Statistics, Fernando Rocha, explained that the wider result in October 2016 came as a result of the so-called Repatriation Law, a program designed to bring funds kept abroad by Brazilian taxpayers back into the country. “Aside from those revenues, there would have been a primary deficit of BRL 5.5 billion (USD 1.7 billion) in October last year.” On the other hand, the October 2017 result was incremented by BRL 5 billion in revenue from the debt refinancing program known as Refis. According to Rocha, apart from this amount, revenue and expenditure would have broken even in October 2017. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Federal, state and local governments in the country posted a USD 1.4 billion surplus in October, the Brazilian Central Bank reported.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-148715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Federal, state and local governments in the country posted a USD 1.4 billion surplus in October, the Brazilian Central Bank reported.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=148715"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148715\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=148715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=148715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=148715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}