RIO DE JANEIRO, BRAZIL - The combined public sector, consisting of the federal government, states and the municipalities, recorded a primary deficit of R$12.706 billion (US$3.177 billion) in June. The negative result in June 2018 was higher: R$13.491 billion. Last month's result is the best recorded for the month since 2016 when there was a primary deficit of R$10.061 billion. The data is from the Central Bank.
The primary result is made up of revenues minus expenses, without considering interest charges.
Last month, the central government (Social Welfare, Central Bank, and Federal . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here