Back

LatinNews Daily - 3 February 2025

In brief: Brazil’s primary deficit down, nominal deficit up

*Brazil’s central bank (BCB) has released its latest fiscal statistics, showing a total public sector primary deficit of R$47.6bn (US$8.15bn) for 2024. This corresponds to 0.4% of GDP and marks a decrease from the annual deficit of R$249.1bn in 2023 (2.28% of GDP). The annual primary deficit of the federal government came to R$45.4bn last year; state governments registered a total primary surplus of R$5.9bn; and state-controlled companies posted a primary deficit of R$8.1bn. The public sector’s nominal deficit, which includes the primary result and debt interest payments, came to R$998.0bn (8.45% of GDP) last year, up from R$967.4bn (8.84% of GDP). Public debt interest payments rose from R$718.3bn (6.56% of GDP) in 2023 to R$950.4bn (8.05% of GDP) in 2024.

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.