After 8 years in the red, government accounts have a surplus of R$ 54.1 billion in 2022, says Treasury

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This means that government revenues exceeded expenditures, without considering the payment of interest on the public debt. From 2014 to 2021, the country recorded successive deficits. After eight years in the red, the federal government’s accounts recorded a primary surplus of BRL 54.1 billion in 2022, the National Treasury Secretariat reported this Wednesday (27). This means that government revenues exceeded expenditures, without considering the payment of interest on the public debt. When the opposite occurs, the result is a primary deficit. The surplus registered in 2022 interrupts an eight-year period in which the accounts were in the red. From 2014 to 2021, the country recorded successive deficits. In values ​​corrected for inflation, last year’s positive balance totaled R$ 57.9 billion. In 2021, the gap in the central government’s accounts was R$ 40.2 billion, in values ​​also corrected. However, the improvement in the result of public accounts is temporary. In 2023, the budget sanctioned by President Luiz Inácio Lula da Silva predicts a shortfall of R$ 231.5 billion. The Minister of Finance, Fernando Haddad, seeks to increase the government’s collection to try to reduce this deficit to around R$ 100 billion throughout the year. Above expectations In addition to being positive, the result of the central government’s accounts in 2022 was above expectations. The defunct Ministry of Economy estimated that the government accounts should record a primary surplus of R$ 36.9 billion. Guedes promise The record of a primary surplus after years of successive deficits was a goal of the former Minister of Economy, Paulo Guedes. However, Guedes promised to zero the deficit in the first year of the Bolsonaro government, in 2019, which was not possible. Then, in 2020 and 2021, public accounts were affected by Covid-related expenses. Record collection The primary surplus registered in 2022 was influenced by the record collection recorded last year. In values ​​corrected for inflation, it totaled BRL 2.25 trillion, which represents a real increase of 8.18% compared to the year 2021 (BRL 2.08 trillion). The record collection was due to the increase in inflation, interest rates and economic growth, and happened despite the reduction of taxes, such as the IPI and PIS/Cofins on fuel.

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