LatinNews Daily - 28 March 2025

*Brazil’s national treasury has released new figures which showed that the federal government’s primary deficit in February was R$31.7bn (US$5.5bn). This compares with a deficit of R$58.3bn in the same month in 2024 and a monthly surplus of R$84.9bn in January 2025. Government revenue in February this year totalled R$203.7bn, up 2.3% in real terms compared to February last year, while monthly expenditure was R$175.5bn, down 12.6% year-on-year. The largest share of the government’s spending in February was for benefits payments and other social security benefits, which totalled R$77.1bn, up 2.3% in real terms from February 2024. It was the government’s ‘other obligatory expenditure’ which mainly drove the yearly drop in spending, with a notable decrease in the payment of court-mandated debts known as ‘precatórios’. In February 2024, the government paid a total of R$29.5bn to settle precatórios and other judicial payments, while in February this year it paid only R$237.8m, representing a 99.2% decrease in real terms.

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