Macroeconomy/Finance

Due to Covid-19, government accounts record shortfall of $ 17 bn

The primary result, balance between expenses and revenues excluding interest expenses, from the Central Government, which includes the National Treasury, Central Bank and Social Security accounts, registered a deficit of R$ 92.902 billion ($ 17 bn) in April 2020. The value is the worst for April and is close to the R$ 95 billion ($ 17,3 bn) fiscal deficit in 2019.

Source: CNN Brasil

Categories: Macroeconomy/Finance