The government announced a deficit of R$58.4 billion in February

The government announced a deficit of R$58.4 billion in February

The federal government's public accounts closed with a deficit of R$58.4 billion in February. It's the worst brand in history National wealth. These data were issued by the Ministry of Finance on Tuesday 26.

The data is part of the loss provided by Social Security and the National Treasury. Both recorded a deficit of R$21 billion and R$19.6 billion, respectively.

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In January 2024, the Federal Government achieved a positive result of R$79.3 billion. But the scenario was reversed the following month: there was a deficit of R$58.4 billion.

The government of Luiz Inacio Lula da Silva delivered the worst result in February history, despite an increase in revenues.

Public accounts primaries in 2024 will be worse than in 2023

The first two months of 2023 generated a surplus of R$38.2 billion in government accounts. However, in 2024, the accumulated amount for the same period decreased to R$20.9 billion.

The National Treasury announced that the payment of R$30 billion in court orders contributed to February's negative fiscal month.

Banknotes are in denominations of 100 Brazilian Reals and 50 Brazilian Reals
Precatório are debts owed by the government to individuals or legal entities that must be repaid after court decisions | Image: Disclosure/Freepik

Read also: “Inflation: Financial markets reduce their estimates for the years 2024 and 2025”

Lula's government has reported that it seeks to eliminate the public accounts deficit in 2024. The current administration's preliminary result, in the accumulated 12 months, is a deficit of R$252.9 billion – a figure equivalent to 2.26% of GDP. Product (GDP).

Read more: “Inflation Preview, IPCA-15 still at 0.36% in March”

Gabriel de Souza is an intern at magazine the West In Sao Paulo. Under the supervision of Edilson Salguero

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