*Brazil’s central bank (BCB) has released the fiscal statistics for August, which showed that the public sector’s monthly primary deficit came to R$21.4bn (US$3.9bn). This marks a decrease from the R$22.8bn deficit registered in August last year but a slight rise from the R$21.3bn deficit the previous month. The federal government registered a primary deficit of R$22.3bn this August, while regional governments registered a surplus of R$435m. State-controlled companies posted a monthly surplus of R$469m. The accumulated primary deficit of the public sector in the 12 months until August 2024 totalled R$256.3bn (2.26% of GDP). The public sector’s nominal deficit – which includes both the primary result and debt interest payments – came to R$90.4bn in August and the annual nominal deficit came to R$1.11trn (9.8% of GDP).
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LatinNews Daily - 1 October 2024
In brief: Brazil’s primary deficit down in yearly terms
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