Bras\u00edlia \u2013 Brazil\u2019s public sector primary surplus, the effort made to cover debt servicing, reached R$ 5.57 billion (US$ 2.7 billion) in July, according to figures disclosed by the Central Bank of Brazil on Friday (31). The figure includes savings made by the federal, state and municipal governments and by state-owned enterprises. The fiscal effort last month was lower than that recorded in July 2011 (R$ 13.789 billion \u2013 US$ 6.7 billion).<\/p>\n
In the first seven months of the year, the primary surplus reached R$ 71.229 billion (US$ 34.7 billion), less than the result in the same period in 2011 (R$ 91.979 billion \u2013 US$ 44.8 billion). In the 12 months ending in July, the result was R$ 107.96 billion (US$ 52.6 billion), representing 2.51% of Gross Domestic Product (GDP). The target for this year is R$ 139.8 billion (US$ 68 billion).<\/p>\n
The fiscal effort of the public sector was not enough to cover debt interest, which totalled R$ 17.435 billion (US$ 8.5 billion) in July and totalled R$ 128.462 billion (US$ 62.6 billion) in the first seven months of the year, as against R$ 18.797 billion (US$ 9.2 billion) and R$ 138.544 billion (US$ 67.5 billion) in the same periods in 2011.<\/p>\n
With this, the nominal deficit, which includes the primary surplus and debt servicing, was R$ 11.866 billion (US$ 5.8 billion) last month and R$ 57.234 billion (US$ 27.9 billion) from January to July. In July last year, the nominal deficit was R$ 5.007 billion (US$ 2.4 billion) and in the first seven months of that year, R$ 46.565 billion (US$ 22.2 billion).<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The value was not enough to cover Brazil\u2019s debt servicing and Brazil had a nominal deficit of R$ US$ 5.8 billion in the month.<\/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-42473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The value was not enough to cover Brazil\u2019s debt servicing and Brazil had a nominal deficit of R$ US$ 5.8 billion in the month.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42473","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=42473"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42473\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=42473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=42473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=42473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}