The central government's accounts – which combine the national treasury, social security and the central bank – closed February with a gap of more than R$58 billion. This deficit is the worst for the month of February since the beginning of the historical series 28 years ago.
In the 12 months to February, the government recorded a deficit of R$252.9 billion – equivalent to 2.26% of GDP. Since January 2024, the Treasury has started reporting the relationship between spending volume and GDP, thanks to a fiscal framework that has so far only presented deficits.
Lula's regime, in addition to breaking this record with the worst performance in real terms in the Treasury's historic series, is on the verge of crashing the country's economy, but before that it will continue to raise its money through more and more taxes.
The ship goes…
Karina Michelin. journalist.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.