Without pandemic, Brazil would have deficit, but $104 bn lower

Brazil spent more than it collected R$ 743.1 billion ($138 bn), equivalent to 10.03% of GDP and a “loss” almost 8 times greater than that recorded in 2019, of R$ 95 billion ($18 bn), taking into account the primary result, which does not account interest expenses on the debt. The Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre-FGV) calculated the participation of the “pandemic effect” in the total: of the deficit, R$ 561.3 billion ($104 bn) refer to measures taken to try to cushion the impact of the health crisis.

Source: UOL Economia