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Fiscal

27/05/2017 19:05:11
The consolidated public sector (central government, regional governments, and government-owned companies) posted a primary surplus of BRL12.9bn in April, above market expectations. The result was most probably explained by the positive surprise in the central government’s balance, released yesterday.

Regional governments posted a primary surplus of BRL0.9bn, compared to BRL1.6bn in April 2016. The positive results are in line with the favorable seasonality for revenues in April, due to a concentration of payments of income tax. In fact, seasonality is much less favorable in the remainder of the year and we should therefore expect much worse results for the primary balance in the coming months.

The rolling 12-month primary deficit reached 2.3% of GDP. Interest payments were BRL28.8bn in the month, representing a decline from May’s figure attributable, among other factors, to the fewer number of business days in the month. As a result, the nominal deficit was BRL15.4bn, or 9.2% of GDP in rolling 12-month terms. Gross debt reached 71.7% of GDP, whereas net debt remained at 47.7%.

#economia
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md5
27/05/2017
22:13:05
Economia aquecida por aqui
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atlético
28/05/2017
23:21:25
já foi precificado.
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