Consolidated public sector surprises and has a primary surplus of R$ 1.17 billion in March

In twelve months, the consolidated public sector accumulated a deficit of R$252.9 billion, equivalent to 2.29% of GDP; in March, the central government had a deficit of R$1.898 billion, but states and municipalities had a surplus

Brazil’s consolidated public sector recorded a primary surplus of R$1.177 billion in March, compared to a deficit of R$14.2 billion in the same month of 2023. The data was also much better than the expectation of a negative balance of R$1 .55 billion made by economists consulted in research by Reuters.

In twelve months, the consolidated public sector accumulated a deficit of R$252.9 billion, equivalent to 2.29% of GDP and 0.15 pp lower than the deficit accumulated until February.

March’s performance showed that the central government had a deficit of R$1.898 billion, while states and municipalities recorded a primary surplus of R$3.418 billion and state-owned companies had a negative balance of R$343 million in the month, data from the Central Bank showed. released this Monday (6)

The country’s gross public debt as a proportion of GDP closed March at 75.7%, against 75.5% in the previous month. Net debt was 61.1%, up from 60.9%. Expectations in a Reuters survey were 75.8% for gross debt and 61.3% for net debt.

(With Reuters)