In 12 months, the negative balance was R$252.9 billion, or 2.29% of GDP; States and municipalities had a surplus of R$3.4 billion in the month
The consolidated public sector – made up of the Union, States, municipalities and state-owned companies – recorded a primary surplus of R$1.2 billion in March. O B.C. (Central Bank) released the result this Monday (May 6, 2024). Here’s the complete of the report (PDF – 234 kB).
The primary result is formed by the balance in public accounts, excluding interest payments on public debt. In March 2023, there was a deficit of R$14.2 billion.
The positive balance was driven by regional governments (state and municipal), which had a surplus of R$3.4 billion. The central government and state-owned companies recorded deficits of R$1.9 billion and R$343 million, respectively.
Over the past 12 months, the consolidated public sector has accumulated a deficit of R$252.9 billion, which represents 2.29% of GDP (Gross Domestic Product). The negative balance was lower in February, when it was R$268.3 billion.
NOMINAL RESULT
When including debt interest payments in the calculation, the consolidated public sector recorded a nominal deficit of R$63 billion in March. In the 12-month period, the negative balance fell from R$1.015 trillion in February to R$998.6 billion in March.
Nominal public sector interest totaled R$64.2 billion in March compared to R$65.3 billion in the same month of 2023. In 12 months, it totaled R$745.7 billion, or 6.76% of GDP.
#Public #sector #surplus #R1.2 #billion #March