BRASILIA (Reuters) – The financial market has once again reduced its estimates for the primary deficit of public accounts for this year and the next, amid expectations of higher tax collection, and predicted a slightly lower indebtedness of the federal government, according to the October’s Fiscal Prism report released on Thursday.
The median of the projections now points to a primary deficit of 129 billion reais in 2021, compared to a gap of 135.1 billion reais forecast in the September report. For next year, the deficit estimate rose to 83.1 billion reais, compared to 90.0 billion reais previously estimated.
Economists and research institutions consulted raised the projections for the net revenue of the central government for both 2021 and 2022, to 1.508 trillion reais and 1.591 trillion reais, respectively. Previous projections were 1.489 trillion reais for this year and 1.580 trillion reais for the next.
With the perspective of a smaller primary deficit, the projection for the gross debt dropped to 81.39% of the Gross Domestic Product (GDP) in 2021, from 81.69% previously, and to 82.80% in 2022, against the previous estimate of 83.0%.
(By Isabel Versiani)
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