Impact of covid on public accounts amounts to $124bn

The Ministry of Economy has released an analysis of the fiscal impact of the measures to confront covid-19. Official data show that R$620.5 billion ($124 bn) is the sum of the impact on the primary result. According to the ministry, the measures to increase spending total R$594.2 billion ($118.8 bn), while those to reduce revenues reach R$26.2 billion ($5.2 bn).

Source: Valor Investe