Negative balance in public accounts was R$245.6 billion in the 12-month period; gross debt falls to 78.3% of GDP
The consolidated public sector – made up of the Union, States, municipalities and state-owned companies – recorded a primary deficit of R$7.3 billion in September. The negative balance was 59.4% lower than that recorded in the same month of 2023, when the deficit was R$18.1 billion. The (Central Bank) released the report “Tax Statistics” this Monday (11.Nov.2024). Here is the document (PDF – 242 kB).
The primary result is formed by the balance between revenues and expenses, excluding the payment of interest on the debt. In September, the central government had a primary deficit of R$4.0 billion. Regional governments (states and municipalities) had a deficit of R$3.2 billion. State-owned companies had a negative balance of R$192 million.
In the 12 months up to September, the consolidated public sector recorded a deficit of R$245.6 billion. The negative balance in public accounts represents 2.15% of GDP (Gross Domestic Product).
GROSS DEBT
The DBGG (Gross General Government Debt) – formed by the federal government, INSS and regional governments – was 78.3% of GDP in September. It fell 0.2 percentage points in the month. In the year, it grew 3.8 percentage points. In nominal values, it corresponds to R$8.9 trillion.
EXPENDITURE REVIEW
The government (PT) is studying reviewing spending on the BPC (Continuous Payment Benefit), Fundeb (Fund for Maintenance and Development of Basic Education and Valorization of Education Professionals), unemployment insurance and salary bonuses. Read the infographics that show the evolution of expenses in recent years.
The Minister of Finance, on Monday (Nov 4), said 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.
