Bras\u00edlia \u2013 The accounts of the Central Government of Brazil (Central Bank, National Treasury and Social Service) registered a surplus of 78.966 billion Brazilian reals (US$ 47.1 billion) in 2010, coming close to the target established for the year, of 2.15% of Gross Domestic Product (GDP), aided by capitalisation of Petrobras and by the return to economic growth. The figures were disclosed today (28) by the National Treasury.<\/p>\n
The result for the year was 2.16% of GDP and is 0.92 percentage point higher than in the previous year. In 2009, the Central Government result was 39.436 billion, or 1.24% of GDP.<\/p>\n
Finance minister Guido Mantega celebrated the result. "The 2010 target for the Central Government is accomplished. Now, regarding states and cities, I do not believe they are going to fully comply with their targets, and we will be just short of the 3.1% [of GDP] stipulated as part of the PAC [Growth Acceleration Program]," said the minister, on leaving the Minsitry for S\u00e3o Paulo.<\/p>\n
The result for the public sector should only be known on Monday (31), when the figures will be disclosed by the Central Bank.<\/p>\n
Mantega also pointed out that the result represents improvement in the government. According to him, in 2009 and 2010, the government followed the recommendations of the International Monetary Fund (IMF): a policy of fighting against the crisis, with greater investment and expenses to recover the country.<\/p>\n
The minister also said that the government should comply with the full target for 2011, of 3% of GDP for the consolidated public sector.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Government of Brazil, which inlcudes the Central Bank, the National Treasury and the Social Service, had a primary surplus of 2.16% of GDP in its balance sheet.<\/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-37155","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Central Government of Brazil, which inlcudes the Central Bank, the National Treasury and the Social Service, had a primary surplus of 2.16% of GDP in its balance sheet.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37155","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=37155"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37155\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=37155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=37155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=37155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}