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. The result represents an improvement over the same month of 2017, when the accounts were negative of 29.387 billion reais.
In the current and inflation-adjusted series, the result is the best for the months of May since 2015. The average of the projections of 11 institutions consulted by Value Date indicated a deficit of
According to the Prisma Fiscal report, which gathers the market expectations compiled by the Ministry of Finance, the median forecasts of economists indicated a deficit of 22 billion reais in the month (
). data released on Thursday, May's result reflects a surplus of $ 4.128 billion R of the National Treasury, a negative result of R $ 56 million from the Central Bank and a loss of R $ 15.096 billion of Social security
Since the beginning of the year, the central government has recorded a deficit of R $ 16.449 billion.In the series with current values, the result from January to May is the best. s 2015.
In the 12 months to May, the primary deficit reached R $ 106.2 billion or 1.56% of GDP.
The Treasury notes, however, that the 12-month deficit relies on "double counting" in the payment of precatórios. In 2017, this expense was accounted for in the second half – while in 2018 it was scheduled for March and April. The justification for this measure is the economy with interest payment.
The budget target for this year provides a figure of 159 billion reais.
The Treasury also showed that the total net income of the central government recorded real growth of 9.8% in May, compared with a year earlier, to R $
From the beginning year, the total net income reached 511,294 billion reais, an actual increase of 7%, 9%. Expenditures totaled R $ 531.243 billion, representing real growth of 3.8% over the same period a year earlier.
Over the course of the year, government spending has already consumed 38.53% of the spending limit, the limit of which is revenues from dividends from state-owned companies have risen. to [4.890] billion rand in May, which contributed to the result of the accounts
The principal payer in May 2018 was Caixa, with $ 2.804 billion reais transferred to the Treasury coffers. The National Bank for Economic and Social Development (BNDES) has a total of R $ 1.5 billion.
During the year, the government has already obtained $ 5.519 billion in dividends and interest, 138% the same period a year earlier. The highest payers for the year are Caixa and BNDES, with the same amounts recorded in May.
National Treasury Secretary Mansueto Almeida estimated that revenue growth in 2018 was a "good surprise", which explains a better than expected result for the main result in May.
"There is a real decrease in the deficit, by 56.6% compared to January-May 2000. This positive result, in that the deficit was lower than last year, is better than market and better than in our financial programming, "said Mansueto." This can be explained by both revenue and expenditure, with revenues rising by nearly 8%, while rose by only 3.8%, almost double the cost. "
gold
According to the balance sheet, the government recorded in the accumulated year a deficiency R $ 67.74 billion to meet the so-called "gold rule" of the public accounts At the beginning of the year, the government anticipated a shortfall of $ 208.6 billion in comply with the golden rule.
At the beginning of the year, the government forecast a resource deficit of 208.6 million ards of reais to comply with the rule of gold. this year. To cover this "hole", he announced measures such as the payment of 130 billion reais from the National Bank for Economic and Social Development (BNDES) to the Treasury as repayment of loans made in recent years, as well as to the government. a review of outstanding payments, the use of public funds and the use of surpluses from certain budget sources. Three consultations were sent to the Brazilian Court of Accounts (TCU) to obtain approval for some of these operations.
The gold rule, provided for in the Constitution, prohibits debt beyond capital expenditure (investments, financial investments and amortization of expenses). debt). The goal is to prevent governments from incurring debts for the payment of current expenses – salaries of servers, pensions and costs of public machines.
Even though the government may solve the problem this year, the golden rule should remain focused on the next government. By 2019, the government projects a deficiency of 254.3 billion reais to comply with the standard and the forecast of a special credit related to the rule was inserted in the bill lines fiscal year (PLDO) of the following year
. Investment
The government recorded a total investment of R $ 15.747 billion accumulated from January to May, representing a real increase of 24.4% over the same period. last year. Given the current values, the total investment from January to May amounted to 15.673 billion reais.
Payments from the Growth Acceleration Program (PAC) totaled R $ 7.35 billion during the year, representing a real 11% decrease over the same period of time. the year before.
Inside the PAC is My House, My Life. In this case, a total payment of R $ 718 million was recorded from January to May, representing a real decrease of 22% over the previous year.
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