The central government (which brings together the accounts of the National Treasury, Social Security and the Central Bank) had a surplus of R$3.9 billion in November 2021, which represents the best result for the month since 2013 (the historical series begins in 1997). The increase in collection and the reduction in expenses contributed to the performance.
In general, the months of November are usually broken down in the accounts due to the concentration of significant expenses, such as the payment of the 13th to INSS retirees and pensioners. This year, however, the transfer was anticipated as a measure to address the economic impacts of Covid-19.
The reduction of this and other expenses to fight the pandemic gave breath to the government’s accounts. On the revenue side, there was an increase of R$4.8 billion in revenue from the Federal Revenue and of R$9 billion in revenue from dividends from state-owned companies.
The data were released this Wednesday (29) by the National Treasury.
Despite the positive result in November, the deficit scenario remains in the year. Between January and November 2021, the gap was R$49.3 billion. The data is the best for the period since 2014.
The value of the deficit for the year is much smaller than the R$699.1 billion gap observed in the same period in 2020, when the government needed to open its coffers to combat the effects of the pandemic on health and the economy.
The primary result is the difference between government revenue and expenditure. When the value is positive, it means that the government collected more than it spent. In the opposite scenario, with expenses greater than income, the result is a deficit.
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