It fell from 78.5% in August to 78.3% in September, according to the BC; in values, it represents R$8.9 trillion
The DBGG (Gross General Government Debt) recorded the 1st drop in September since July 2023. It fell from 78.5% in August to 78.3% in September. The (Central Bank) released the report “Tax Statistics” this Monday (11.Nov.2024). Here is the document (PDF – 242 kB).
Brazil’s gross debt is made up of the federal government, INSS (National Social Security Institute) and regional governments. In September, it fell 0.2 percentage points. Even so, gross debt rose 3.9 percentage points in 2024 and 6.9 percentage points in the government (PT).
PUBLIC ACCOUNTS
The consolidated public sector – made up of the Union, States, municipalities and state-owned companies – nominal deficit above R$ 1 trillion for 6 consecutive months. In the 12 months up to September, the negative balance in public accounts was R$1.065 trillion.
O Poder360 showed that federal, state and municipal state-owned companies in Brazil recorded a deficit in R$7.4 billion from January to September 2024. This was the largest negative balance for the period in the historical series, which started in 2012.
EXPENDITURE REVIEW
The economic team is studying reviewing expenses with the BPC (Continuous Payment Benefit), Fundeb (Fund for Maintenance and Development of Basic Education and Valorization of Education Professionals), unemployment insurance and salary bonus. Read the infographics that show the evolution of expenses in recent years.
The Minister of Finance, on Monday (4.Nov.2024) that the set of measures to reduce the trajectory of public expenditure should be released last week. The spending review package.
For financial agents, the measures are necessary to provide sustainability to the fiscal framework – the law that replaced the spending ceiling in 2023. Market estimates indicate that the federal government will not meet the targets in 2024, 2025, 2026 and 2027.
