Brazilian public accounts show notable shift in first four months of Lula’s administration
In the initial four months of Lula’s administration, Brazil’s public accounts displayed a notable shift compared to the same timeframe during the last year of Bolsonaro’s government.
According to Central Bank data, the consolidated public sector accounts recorded a primary surplus of R$78.7 (US$16) billion from January to April 2023.
This represents a 47% decrease compared to the same period in the previous year when the positive balance was R$148.5 billion.
This data encompasses the accounts of the federal government, states, municipalities, and state-owned companies.
The forecast for the public accounts at the end of the year is evolving rapidly.
The Ministry of Planning and Budget and the Ministry of Finance released a revised deficit estimate for the balance sheet 2023 at the end of May.
Accounts are projected to shift from a surplus to a primary deficit of R$136.2 billion by the end of the year.
The previous projection made in March predicted a deficit of R$ 107.6 billion.
This information was disclosed in the revenue and expenditure report for the second two-month period of 2023. This document is published every two months.
Despite this change, the Federal Congress has already authorized the government to end the year with a public accounts deficit of approximately R$230 billion.
Meanwhile, in April, the consolidated public sector’s gross debt reached 73.2% of the Gross Domestic Product (GDP), showing a rise of 0.2 percentage points in the month.
The International Monetary Fund (IMF) predicts that Brazil’s gross public debt will end in 2023 at 88.4% of GDP, increasing over the next five years to reach 96.2% by 2028.
The level of public debt is one of the most significant national accounting figures, as it signals the sustainability of the country’s public accounts to both Brazilian and international investors.
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.38%
209,066.90
+1.38%
66,048.57
+1.63%
11,044.42
+0.18%
2,828,027
-0.16%
2,531.15
+0.21%
59,610.00
+2.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 209,066.90 | +1.38% | +21.85% | 206,220.24 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief