With a historic record, government accounts have a gap of R$58.4 billion

In February, revenues increased by 18% in real terms compared to the same month last year. In the first two months of the year, there was an increase of 9%. Expenses rose 27.4% in February, already discounting inflation. In the first two months, the variation was positive at 17.1%.

In the 12 months up to February, the government has a deficit of R$252.9 billion – equivalent to 2.26% of GDP. Since January 2024, the Treasury has started reporting the relationship between the volume of expenditure over GDP, as the fiscal framework seeks to stabilize public spending.

In the last 12 months up to February, mandatory expenses totaled 18.2% in relation to GDP, while discretionary expenses (non-mandatory, such as investments and funding) reached 1.7% in relation to GDP in the same period.

For 2024, the government pursues the goal of eliminating the deficit in public accounts, with a tolerance margin of 0.25 percentage points more or less, according to the framework – which would allow a deficit of up to R$28.8 billion.

In the first Bimonthly Revenue and Expense Assessment Report of the year, published last Friday, the Ministry of Planning and Budget estimated a gap of R$9.3 billion in this year’s accounts, equivalent to 0.1% of GDP . The market, however, projects a worse result, of up to 0.5% of GDP.

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