Public accounts have a deficit of R$ 56.1 billion in May; debt rises to the highest level in five years

With debt at 81.1% of GDP, public accounts record a multi-billion deficit and put pressure on interest rates under the new fiscal framework rules.

The consolidated public sector accounts showed a primary deficit of R$ 56.1 billion in May, the Central Bank (BC) reported this Tuesday (30). 🔎 The primary deficit occurs when revenues from taxes and duties are below government expenses. If the opposite happens, the result is a primary surplus. 🔎The result does not take into account the payment of public debt interest, and covers the federal government, states, municipalities, and state-owned companies. In comparison with May of last year, there was a worsening, since a negative balance of R$ 33.7 billion was recorded that month. See below the performance of the accounts in May of this year: federal government recorded a negative balance of R$ 55.2 billion; states and municipalities had a deficit balance of R$ 1.2 billion; state-owned companies presented a surplus of R$ 273 million. Now on g1 Year-to-date In the accumulated of the first five

Source: g1.globo.com