Brazil public accounts close out Jan with BRL 101.8 bi surplus
Brazil’s public accounts saw a record primary surplus in January, the country’s Central Bank reported today. The balance stood at BRL 101.8 billion, January 2021’s BRL 58.4 billion. In the 12-month period ended in January, the amount reached BRL 108.2 billion—1.23 percent of the nation’s gross domestic product (GDP). The data can be found in the Central Bank’s fiscal report.
In January, the combined public sector primary surplus was BRL 77.4 billion for the so-called Central Government (Social Security, Central Bank, and National Treasury); BRL 20 billion for states and municipalities; and BRL 4.4 billion for state-run companies.
The primary result is made up of revenues minus interest expenses, not considering the payment of interest on the public debt. Thus, when revenues exceed expenditures, a primary surplus is posted.
Public debt
The net public sector debt (the balance between credits and debits of governments at federal, state, and municipal level) closed out January at BRL 5 trillion—56.6 percent of the GDP.
The gross debt for the General Government—which accounts for only the federal, state and municipal governments—totaled BRL 7 trillion, or 79.6 percent of the GDP, down 0.7 percentage points from the previous month.
