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)
+ Until 2019, there were more people in prisons than on the Brazilian stock exchange
+ Aloe gel in the drink: see the benefits
+ Lemon-squeezing trick becomes a craze on social media
+ Chef playmate creates aphrodisiac recipe for Orgasm Day
+ Mercedes-Benz Sprinter wins motorhome version
+ Anorexia, an eating disorder that can lead to death
+ US agency warns: never wash raw chicken meat
+ Yasmin Brunet breaks the silence
+ Shark is captured in MA with the remains of youngsters missing in the stomach
+ See how much it costs to eat at the MasterChef judges’ restaurants
+ Auction of cars and motorcycles from Kombi to Nissan Frontier 0km