RIO DE JANEIRO, BRAZIL - The primary deficit is the negative result of the government's accounts, by calculating revenues minus expenses, disregarding the payment of interest on public debt.
According to the Treasury Secretariat, the improvedd result in relation to August 2018 was mainly due to the R$5 billion (US$1.25 billion) reduction in total expenditures in real terms (discounting inflation). On the other hand, net revenue decreased by R$1.5 billion, due to a R$7 billion decrease in concessions and permits, partially offset by an increase of R$4.6 billion in income tax.
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