Bolsonaro government recorded in 2022 first surplus in Brazil’s accounts in 8 years

The Bolsonaro government recorded in 2022 a primary surplus in Brazil’s accounts of R$54.086 billion (about US$10.58 billion), the first positive result in eight years, the National Treasury reported today, Friday.

According to the Treasury, this result was driven by record revenues and oil royalties, in addition to the containment of expenses and the low-budget execution of several government programs.

The Brazilian Government accounts include the results of the National Treasury, Social Security, and the Central Bank.

In 2022, the Brazilian Government’s revenues grew by 17.5 percent compared to 2021, while expenditures grew by 11.6, the Treasury detailed.

In nominal values, this is the best result for public accounts since 2013, when the Brazilian government recorded a primary surplus of R$72.159 billion (about US$14.115 billion). From 2014 to 2021, the public accounts recorded consecutive annual deficits.

At the end of December, the Special Secretariat of Finance and Budget of the Ministry of Economy projected a primary surplus for 2022 of R$34.14 billion (about US$6.68 billion).

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