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27/04/2017 - 17:05hs

Central government sees USD 3.4 bn deficit

Brazil’s National Treasury, Social Security and Central Bank ended March on the worst down note since record-keeping began in 1997.

Brasília – Brazil’s Central Government (National Treasury, Social Security and Central Bank) registered a primary deficit of BRL 11.061 billion (USD ) last month. It was the poorest performance in a March since records started being kept in 1997. Q1 primary deficit hit BRL 18.297 billion, another all-time low.

Year-on-year in March, net revenue dropped by 1.4%, inflation discounted. Total expenditure was up 1.6%, with inflation discounted as well. Q1 net revenue dropped by 5% in real terms (inflation discounted), with expenditures dropping by 4.9%.

*Translated by Gabriel Pomerancblum

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