Government forecasts first primary surplus since 2013 this year

The federal government predicts, for 2022, a primary surplus of R$ 13.5 billion in public accounts. If it comes to fruition, this will be the first positive result for the government since 2013.

The projection is due to an improvement in the fiscal situation of R$ 72.9 billion in relation to the previous assessment, released in July, which predicted a deficit of R$ 59.3 billion.

For 2023, however, the government has already forecast a deficit for public accounts, according to the 2023 Budget Bill sent to Congress. According to the government, the result should be a deficit of R$ 65.9 billion.

With the increase in collection, the federal government hit the highest value in the Treasury’s historical series in transfers to states and municipalities. According to the Ministry of Economy, the values ​​reached R$ 464 billion, which corresponds to 4.8% of GDP.

The data were released this Thursday (22), in the Primary Income and Expenditure Assessment Report for the 4th bimester.

Despite the positive results, the government also announced a new budget block in the amount of R$ 2.6 billion. That’s because, in the portfolio’s assessment, the total blockade needs to be R$ 10.5 billion, compared to a current blockade of R$ 7.9 billion.

In the last report, the government had blocked BRL 12.7 billion, but in September it released BRL 4.8 billion in the Budget. This unlocking was done only for parliamentary amendments, for state benches and for rapporteur amendments.