The central government, which brings together the National Treasury, the Central Bank and the Social Security, recorded a primary surplus of 15.604 billion reais in April, the Treasury announced on Tuesday, worse than the positive balance of 28.997 billion reais recorded in the same month . last year.
From January to April, the public accounts balance was positive by 47.165 billion reais, against a surplus of 79.023 billion reais in the same period of 2022.
In 12 months the primary surplus reached 22.3 billion reais, equal to 0.22% of the gross domestic product (GDP).
In April, the revenue of the central administrations, after discounting the mandatory transfers to states and municipalities, had a real drop of 1.8% compared to the same month in 2022, to 170.081 billion reais. Public spending recorded a real drop of 1.5%, to 203.954 billion reais.
Last week, the finance ministry worsened the primary deficit projection for the central government in 2023 to 136.2 billion reais, 28.6 billion reais higher than its previous estimate, given the prospect of higher spending and lower collections.
The Finance Ministry has announced steps to try to improve this performance, having presented a target of bringing the federal accounts to a deficit of 0.5% of GDP this year, closing the gap in 2024.
Source: Terra
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