Brazil: Consolidated public sector has primary surplus of US$2 billion in September
The consolidated public sector closed September with a primary surplus of R$10.7 billion (US$2 billion), as announced by the Brazilian Central Bank (BC) on Monday, October 31.
A year earlier, the result had been positive by R$12.9 billion.
The consolidated public sector data involve the central government (formed by Social Security and the Treasury, besides the Central Bank), states, municipalities, and state-owned companies.
Excluding Petrobras and public banks, such as Banco do Brasil (BB) and Caixa Econômica Federal (CEF).
The September result reflected a central government surplus of R$11.1 billion and a R$321 million surplus for the states and municipalities. State-owned companies had a deficit of R$688 million.
In the 12-month period that ended in September, the surplus reached R$181.4 billion, the equivalent of 1.93% of the Gross Domestic Product (GDP).
In August, the surplus stood at 1.97% of GDP.
Moreover, in the year to date, the government has registered a surplus of R$130.8 billion against a surplus of R$14.2 billion in the same period in 2021.
In the nominal concept, which includes interest expenses, the consolidated public sector recorded a deficit of R$ 60.618 billion in the ninth month of 2022, against a deficit of R$42 billion in the same period of the previous calendar.
The nominal result for September reflected, in addition to a primary surplus of R$ 10.746 billion, an interest expense of R$ 71.364 billion.
In the 12-month period that ended in September, the nominal deficit stood at R$410.6 billion, the equivalent of 4.36% of GDP.
In August, it stood at 4.20% of GDP. The interest account in the same period totaled R$592 billion, or 6.29% of GDP, coming from 6.17% in August.
The data do not include Petrobras. State banks are not included either since the statistics refer to the non-financial public sector.
With information from Valor Econômico
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