Market projects primary deficit of $148 billion for 2020

Experts heard by the Ministry of Finance in the Prisma Fiscal report worsened the estimates for the result of public accounts this year. The central government’s primary deficit was estimated at R$ 708.8 billion ($148 bn) now in June, compared to a R$571.4 billion ($119 bn) gap in the estimate made last month. For 2021, the deficit estimate jumped from R$169.4 billion ($35 bn) to R$ 200 billion ($42 bn).

Source: Valor Investe

Categories: Macroeconomy/Finance