Government announces release of BRL 4.5 billion from budget

| Photo: Washington Costa / Department of the Economy

The federal government announced on Thursday (22) a release of 4.5 billion reais from this year’s budget. This has been made possible by the increase in tax revenues in recent months.

At a press conference on Thursday, the Economy Ministry said the publication could increase executive discretionary spending by around R $ 2.8 billion. Discretionary spending is also referred to as “non-mandatory”.

Data from the bimonthly report on the assessment of income and expenditure for the third quarter shows that the Ministry of Education (MEC) is expected to be the most profitable case, with the release of R $ 1.5 billion from its budget. As a result, the Ministry of the Economy will have released R $ 830 million, followed by Defense, which will have released R $ 671.

The report also revises the estimate of the government’s primary income to BRL 1.8 trillion – slightly above the figure announced in May of BRL 1.7 trillion. The estimate of primary expenditure, meanwhile, is 1,632 billion reais, against 1,620 reais announced in the last survey.

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