{"id":216706,"date":"2019-06-28T14:59:52","date_gmt":"2019-06-28T17:59:52","guid":{"rendered":"https:\/\/anba.com.br\/?p=216706"},"modified":"2019-06-30T12:35:07","modified_gmt":"2019-06-30T15:35:07","slug":"brazils-primary-deficit-widened-in-may","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-primary-deficit-widened-in-may\/","title":{"rendered":"Brazil\u2019s primary deficit widened in May"},"content":{"rendered":"<p>Bras\u00edlia \u2013 Brazil\u2019s federal, state and local governments and state-run companies ran a BRL 13.008 billion primary deficit last month, the <a href=\"http:\/\/www.bcb.gov.br\/\" target=\"_blank\" rel=\"noopener noreferrer\">Brazilian Central Bank<\/a>\u00a0reported this Friday (28). The May 2018 result had been a narrower BRL 8.224 billion deficit. Primary deficit numbers are calculated by subtracting expenses from revenues, with debt interest spending not factored in.<\/p>\n<p>Central Bank Statistics Department chief Fernando Rocha said the May 2018 result was better because BRL 3.5 billion from the Sovereign Fund made extinct that month were returned to government coffers. \u201cThat hasn\u2019t been the case this last May, hence the wider deficit,\u201d he explained.<\/p>\n<p>Year-to-date through May saw a BRL 6.966 billion primary surplus in Brazil, up from a BRL 933 million deficit in the comparable year-ago period. This is the best result for the timeframe since a BRL 25.5 billion deficit through May 2015.<\/p>\n<p>Rocha ascribed the improved year-to-date result to a stricter rein on public spending across all spheres of government. Regional (state and local) governments ran a combined BRL 19.132 billion surplus through May, up from BRL 12.861 billion a year ago.<\/p>\n<p>The primary deficit target for this year is BRL 132 billion. The 12 months through May saw a BRL 100.359 billion deficit \u2013 tantamount to 1.44% of GDP \u2013 fueled by last May\u2019s numbers.<\/p>\n<p>Translated by Gabriel Pomerancblum<\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-216697\">Marcello Casal Jr.\/Ag\u00eancia Brasil<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.<\/p>\n","protected":false},"author":2315,"featured_media":216697,"comment_status":"open","ping_status":"closed","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":[1803,5194,5921,9340,7468,9342,2812,3479,2933,9341,3374],"class_list":{"0":"post-216706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-central-bank","9":"tag-debt","10":"tag-government","11":"tag-government-finance","12":"tag-interest","13":"tag-municipalities","14":"tag-primary-deficit","15":"tag-revenue","16":"tag-spending","17":"tag-state","18":"tag-state-run"},"wps_subtitle":"The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/216706","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=216706"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/216706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/216697"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=216706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=216706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=216706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}