Brazilian state-owned companies record a primary deficit of R$7.4 billion until September, the worst since 2002

According to the Central Bank, federal companies contributed R$4.18 billion, and those controlled by States, R$3.26 billion

State-owned companies faced a primary deficit of R$7.4 billion until September, which represents the worst performance since 2002, according to data from . Of this total, federal state-owned companies contributed a deficit of R$4.18 billion, while those controlled by states recorded a deficit of R$3.26 billion. The Ministry of Management and Innovation in Public Service highlighted that part of this negative result is attributed to investments made, emphasizing that the primary deficit is not an accurate reflection of the companies’ financial health. In relation to public debt, Brazil’s gross debt reached 78.3% of that in September, showing a slight drop of 0.2 percentage points compared to the previous month.

Net debt, in turn, rose to 62.4% of GDP, totaling R$7.1 trillion. The consolidated public sector, in turn, recorded a primary deficit of R$7.3 billion in September, a significant improvement in relation to the deficit of R$18.1 billion observed in the same month last year. In 2023, the consolidated public sector accumulated a primary deficit of R$93.6 billion, which is equivalent to 1.09% of GDP. This result is a considerable reduction in relation to the deficit of R$249.1 billion, or 2.29% of GDP, recorded in 2022. For next year, the Brazilian government estimates a deficit of R$28.8 billion, which represents the maximum limit established by the fiscal target.

*Report produced with the help of AI
Published by Matheus Oliveira

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