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Economic team's outlook for growth next year also declined: from 3.3% to 2.5%
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Inflation forecasts in 2018 went from 3.4% to 1% of GDP in the first half.% To 4.2% (Paulo Whitaker / Reuters)
The government reduces the GDP projection in 2018 from 2.5% to 1.6%
The government economic team revised the projection of GDP growth in 2018 from 2.5% to 1.6%%, according to the new macroeconomic parameter grid published by the Ministry of Planning on Friday. (20) The review brings government figures closer together In the latest Focus Bulletin, prepared by the Central Bank the projection of financial market economists indicated a rise of 1.5% this year.
Already the government projection of inflation measured by The IPCA in Augmented 3.4% 4.2% In the Focus, badysts' estimates were of an IPCA of 4.15% this year
The Ministry of Planning also revised the projection for the IGP-DI of 2018, from 5.1% to 7.9%. Estimates of Selic's average portfolio (the base interest rate) in 2018 increased from 6.3% to 6.5% per annum.
The government's projection of the average exchange rate in 2018 increased from R $ 3, 4 to R $ 3.6. Lastly, the estimate of nominal payroll increased from 5.1% to 4.2% this year
Revenues
Publication of the Third Revenues and Expenditures Report quarter by the Ministry of Planning brought a high amount of 11.624 billion reais in total revenue forecast for 2018, compared with the second two-month period. On the expenditure side, the expenditure projection in 2018 increased by R $ 7.546 billion.
With the changes, the projection of total primary revenue for 2018 has risen from R $ 1,470 billion to R $ 1,482 billion, and net transfer income has decreased from R $ 1,222 billion to R $ 1,226 billion. . The estimate of primary expenditures this year rose from R $ 1,375 billion to R $ 1,383 billion
Fiscal Space
The Planning reported that space to increase spending in the spending ceiling is only 666.6 million reais. The document also confirms the existence of a fiscal space of 1.845 billion reais in the 2018 budget, compared to this year's budget goal. The government's goal is to end the year 2018 with a primary deficit of 159 billion reais
Forecast for 2019
The projection of the economic team for GDP in 2019 also fell from 3.3% to 2.5%, according to Fábio Kanczuk, Secretary of Economic Policy at the Ministry of Finance
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