INSUBCONTINENT EXCLUSIVE:
had anticipated a R$1.522 billion ($298.42 million) surplus.The accumulated primary deficit for the past year reached R$247.4 billion
($48.51 billion), approximately 2.2% of GDP.This marked the best result for March since achieving a surplus in March 2021, which was also
(Photo Internet reproduction)Net revenues saw an increase of R$12.6 billion ($2.47 billion), up 8.3% compared to the same month last
year.Meanwhile, total expenditures rose by R$6.8 billion ($1.33 billion), an increase of 4.3%.For the quarter, this yielded a positive
R$19.431 billion ($3.81 billion), though below the R$31.209 billion ($6.12 billion) from 2023.Throughout 2023, Brazil contended with a
significant deficit of R$230.535 billion ($45.21 billion), about 2.12% of GDP.This amount was primarily due to R$92.4 billion ($18.12
the basic interest rate was 2% per annum.It currently stands at 10.75%
effort.The Gross Government Debt (GGD) was at ovver75% of the Gross Domestic Product (GDP), rising by 3.7 percentage points in one year.In
January, it reached its highest level since July 2022, amounting to R$8.2 trillion ($1.64 trillion).The Independent Fiscal Institution (IFI)
forecasts an uptick in gross debt to 77.7% of GDP in 2024, with expectations of further growth to 80.2% by 2025.The burden of mounting
interest payments, financed by accruing more debt since 2014, stresses the urgent need for fiscal discipline.
