Government posts surplus of 3.9 billion reais in November

According to the National Treasury Secretariat, the result was achieved through increased income and reduced spending. The accumulated deficit in 2021 is 49.3 billion reais | Photo: Agence Brasil

The central government, comprising the National Treasury, Social Security and the Central Bank, recorded a surplus of 3.9 billion reais in November. The result is the best of the month since 2013 – the historic series began in 1997. The information was made public this Wednesday (29) by the National Treasury Secretariat (STN).

In November 2020, the central government recorded a deficit of R $ 18.3 billion. According to the Treasury, in November 2021 there was a real increase (excluding inflation) of 4.4% (growth of 5.6 billion reais) in net revenue and a real decrease of 12.7 % (less than R $ 18.5 billion) of total expenditure, compared to the same month last year. This difference in results is due to the reduction in public spending, especially during the pandemic.

“The decrease in primary spending in November 2021 compared to the same month of the previous year, in turn, was mainly influenced by the reduction in spending in response to the socio-economic effects of the crisis caused by covid-19. The extraordinary credits showed a reduction of 20.3 billion rand compared to November 2020, ”states the STN report.

Despite the positive balance in November, the cumulative result of the public accounts for the year totals a primary deficit of BRL 49.3 billion, compared to a deficit of BRL 699.1 billion in the same period in 2020.

Related Articles

Back to top button