Pension deficit is $68 bn in 2020

The total shortfall of welfare systems in Brazil reached R$368.2 billion ($68 bn) in 2020, equivalent to 5.0%, or almost half of the central government’s primary deficit last year. The bill considers the expenditures of the General Social Welfare Policy (RGPS), of the Civil Servants’ Own Social Welfare Policy (RPPS), as well as the pensions and the inactive expenditures of the Armed Forces.

Source: 6 Minutos