The Brazilian Government recorded a deficit in their accounts of 154.250 billion reais (US$49.440 million) On 2016, equivalent to 2,4 % of the Gross Domestic Product (GPD), the National Treasury reported on Monday (30.01.2017/XNUMX/XNUMX).
This is the third consecutive year of primary fiscal deficit in the South American country, in the context of a severe recession and consequent fall in tax collection, as well as the worst result for a closed year in the historical series that began in 1997.
In 2015, the government accounts presented a primary deficit of 114.900 billion reais (US$36.826 million at current values).
The result of The public accounts are consistent with the fiscal goal proposed by the government of Brazilian President Michel Temer, ratified by Congress, of a maximum deficit of 170.500 billion reais (54.647 billion dollars).
Through these actions, the Fiscal target was formally met in 2016, even with the record deficit reported.
To achieve last year's fiscal target, the government was faced with favored by additional revenues of 46.800 billion reais (15.000 billion dollars) from the "repatriation" program (regularization) of foreign assets.
According to the entity, the result of 2016 reflects a primary deficit of 3.660 billion reais (US$1.173 billion) of the National Treasury and the Central Bank (BC), and a negative balance of 149.734 billion reais (US$47.990 billion) of Social Security.
The results for the entire public sector, including regional governments and state-owned companies, as well as the balance of payments on public debt for last year, will be released by the government on Tuesday.
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