Central government has a deficit of $138 bn in 2020, the largest in the historical series

With a sharp increase in spending to confront the covid-19 pandemic last year, the shortfall in central government accounts reached R$743.787 billion ($138 bn) in 2020, the largest primary deficit in the historic series of the National Treasury, begun in 1997. The result represents a deficit equivalent to 10.0% of GDP last year.

Source: Isto É