Central Government registers deficit of R$ 39.3 billion in May

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The Central Government accounts registered a primary deficit of R$ 39.356 billion in May this year. This is the worst result of public accounts since May 2020. The value is also 68.1% higher than the negative balance of R$ 20.957 billion registered in the same month of last year.

The data were released by the National Treasury Secretariat (STN) this Wednesday (29). The primary deficit indicates that government revenues were not sufficient to pay public expenditures for the period.

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The Central Government’s primary result includes the National Treasury, Central Bank and Social Security accounts, excluding interest expenses. In May, the National Treasury registered a surplus of R$ 7.564 billion, while the Central Bank had a surplus of R$ 32 million. Alone, Social Security was responsible for a deficit of R$ 46.953 billion in the month.

The accumulated result for the year was a surplus of R$ 39.213 billion, with a real increase of 79% compared to the first five months of 2021. It was the largest surplus for the period since 2012.

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In 2021, the Central Government recorded the first surplus after eight years in the red, with a positive result of R$ 35.1 billion. Currently, the official projection of the economic team is a fiscal gap of R$ 66.9 billion in public accounts in 2022. The number is smaller than the deficit of R$ 170.5 billion allowed by the fiscal target foreseen in this year’s Budget.

Source: CNN Brasil

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