After projecting an increase in the deficit in public accounts, the government has a surplus of R$18.3 billion in October

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Numbers were released by the National Treasury Secretariat. However, part of the year, compared to the same period in 2022, shows a worsening of R$139.5 billion. Deficit worsens and government predicts deficit of R$177 billion in 2023 The federal government’s accounts recorded a primary surplus of R$18.3 billion in October this year, the National Treasury Secretariat reported this Tuesday (28). The primary surplus occurs when tax revenue exceeds government spending (without considering interest payments on public debt). When expenses exceed revenues, the result is a primary deficit. Last week, the economic area increased the projected deficit in this year’s public accounts to R$177.4 billion. Until September, the expectation was for a deficit of R$141.4 billion. The government was authorized by Congress to have a hole of up to R$238 billion in its accounts this year. Accumulated for the year From January to October, the federal government’s accounts recorded a primary deficit of R$75.1 billion. In the same period of 2022, a positive balance of R$64.4 billion was recorded in government accounts. As a result, there was a loss of R$139.5 billion this year. According to the government, this is the worst result for the period since 2020, when there was an increase in expenses to combat the Covid-19 pandemic. The balance, in the first nine months of that year, was negative at R$856 billion (values ​​adjusted for inflation). The worsening of government accounts in 2023 is mainly related to the increase in spending authorized through the transition PEC (made permanent with the fiscal framework), for expenses with social benefits, health and education, among other areas. The economic area also points out, however, that a drop in revenue has been recorded, due to the decline in the price of oil and minerals, in addition to the increase in compensation for companies – in addition to some tax reductions. Until October, net revenue fell 3.3% in real terms, to R$1.57 trillion.

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