Brazil public accounts at minus $6.7 billion in September
The federal, state, and city governments together saw a negative balance of its public accounts in September, according to figures released today (Oct. 29) by the Central Bank. The primary deficit—revenues mines expenses, not considering spending with interest—stood at $6.7 billion, 15.8 percent down from the same period in 2017, $5.7 billion.
The so-called nominal deficit—the primary deficit plus what was spent paying interest—reached $10.6 billion last month, compared to the $14.5 billion in September 2017. In other words, interest expenditure added up to $3.9 billion in September, against the $8.7 billion seen in the same month last year.
In the 12-month period ending in September, public accounts were reported at a negative $23.8 billion—1.29 percent of Brazil’s gross domestic product. The target set by the government is a $43.8 billion deficit for the 12 months of 2018.
Public debt
The net debt of federal, state, and city governments totaled $964 billion in September, or 52.2 percent of tge GDP, with a one percentage point increase from August (51.2 percent of the GDP). In the same period, the gross public debt—the government liabilities at all levels—stood at $1.4 trillion, 77.2 percent of the GDP, down 0.1 percentage point from August.
