The Brazilian Government accounts recorded a deficit of R$14.7 billion (US$2.8 billion) in November, ending two consecutive months of positive figures and representing the fourth worst November since 1997, the National Treasury reported today.
The public accounts, which include the National Treasury, Social Security, and the Central Bank and do not take into account interest payments on public debt, mainly returned a negative result due to an increase in expenses.
In November 2021, the Brazilian Government’s public accounts recorded a surplus of R$4.2 billion (US$0.8 billion).
In the first 11 months of the year, the Brazilian Government accounts recorded a primary surplus of R$49.3 billion (US$9.38 billion), which contrasts with the deficit of R$48.9 billion (US$9.305 billion) that the Government’s finances showed in the same period last year.
Government revenues increased by 9.4 percent through November compared to the first 11 months of last year, while expenditures rose by 2.5 percent.
The Brazilian Government expects to close the year with a primary surplus of 36.9 billion reais (US$7.02 billion).