03/28/2024 – 22:11
The head of the Accounting, Budget and Financial Execution Department of the Central Bank, Eduardo Russolo Ferreira, stated this Thursday, 28, that the main factors that influenced the negative result of the monetary authority in 2023 were interest rates, both internal and external factors, and, mainly, exchange rates.
“One of the main factors is exchange rates because we have a very large foreign currency reserve,” he explained. According to Russolo, Brazil currently has a reserve of US$355 billion and this value is converted into reais when the monetary authority's balance sheet is drawn up.
The National Monetary Council (CMN) approved, this Thursday, the 28th, the BC's financial balance in 2023. The result in this period was negative at R$ 114.2 billion and R$ 111.2 billion will need to be covered by the National Treasury . This amount, according to Russolo, will be covered at the beginning of 2025, in accordance with the rules of the relationship law established between the federal body and the monetary authority.
The CMN also approved in the BC's financial statement a liability of R$1.039 billion relating to the provision of the Special Benefit intended for civil servants who entered public service before February 4, 2013 and who chose to migrate to the Complementary Pension Regime.
Although there was an obligation to calculate this liability since the first migration of servers to the RPC, it was only in 2023 that the BC managed to define an appropriate methodology for calculating the value and began to recognize the data in the financial statement.
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