LatinNews Daily - 03 August 2020

* Brazil’s central bank (BCB) has released the latest fiscal statistics, according to which Brazil’s public sector (the federal government, state and municipal governments, and state-owned companies) registered a record primary deficit in June, of R$188.7bn (US$36.13bn). This was driven by the federal government’s R$195.2bn deficit, while state governments recorded a R$5.8bn surplus, and state companies a R$719m surplus. In the first six months of 2020, Brazil’s public sector accumulated a R$402.7bn primary deficit (compared with a R$5.7bn deficit over the same period in 2019), while the primary deficit in the 12 months to June has risen to R$458.8bn (6.38% of GDP). The public sector’s nominal deficit (including interest payments) in the 12 months to June has risen to R$818.6bn, equivalent to 11.38% of GDP. The BCB has also reported that the government’s gross debt (which concerns the central government, state and municipal governments, and the INSS social security institute) has risen to 85.5% of GDP, up 3.6 percentage points on the previous month.

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