The public sector has a primary deficit of 26.45 billion reais in February, the worst result of the month since 2001

The result falls within the range of estimates by financial market analysts

The consolidated public sector (Central Government, States, Municipalities and state companies, with the exception of Petrobras and Eletrobras) presented a primary deficit in February, communicated this Friday 31, the Central Bank (CB). The negative balance for February was R$ 26.453 billion, the worst result for the month in the historical series that began in December 2001.

A large surplus of 99.013 billion reais was recorded in January and, in the second month of 2022, the positive balance was 3.470 billion reais. The primary result reflects the difference between public sector revenue and expenditure before the payment of interest on the public debt.

February’s consolidated primary deficit came within the range of estimates by financial market analysts questioned by the Stadium/Broadcast, which had a deficit of R$ 36.90 billion to R$ 19.60 billion. The median was negative at BRL 27.10 billion.

The February fiscal result was composed of a deficit of R$ 39.238 billion by the central government (National Treasury, Central Bank and INSS). Regional governments (states and municipalities) positively influenced the result with R$11.847 billion in the month. While the states recorded a surplus of R$7.542 billion, the municipalities recorded a positive result of R$4.305 billion. State companies recorded a surplus of R$ 938 million.

Source: Terra

Rose

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