Social Security has a negative balance of $121 bn

The social security deficit reached R$604.30 billion ($121 bn) from January to November of this year, after revenues totalled R$724.82 billion ($145 bn) and expenses, R$1.329 trillion ($266 bn). The information is from the Summary Report on the Budgetary Execution of the Union (RREO), released recently by the National Treasury. The deficit is higher than that recorded in the same period last year, when it was R$ 292.66 billion ($58.6 bn).

Source: Valor Investe