Brazil: Government has a US$5.6 billion surplus in April

RIO DE JANEIRO, BRAZIL – The Brazilian central government accounts registered a surplus of R$28.6 billion (US$5.6 billion) in April, above the R$20 billion (US$3.9 billion) expected by financial market analysts.

The balance is 52.9% higher than the one registered in the same period last year.

The primary result is the difference between revenues and expenses of the central government, formed by the National Treasury, Social Security, and the Central Bank.

It does not account for interest payments on public debt and other charges.

The number was published on Tuesday, June 14, by the National Treasury, with a delay, because of the strike of the institution’s employees.

Brazil accumulates a positive balance of R$79.3 billion in the year.

For 2022, the government projects a primary deficit of R$66.9 billion, but the revenue growth should push for a positive balance in public accounts.

With information from Poder360

More: Brazil news in English, every day from The Rio Times.