Sep 30, 2011

Fiscal Policy

The result of public accounts for the month of August was disclosed today. The primary surplus accumulated for the year reached 3.65% of GDP. Spending on payment of the debt interest were 6.05% of GDP. The nominal result, therefore, had a deficit equivalent to 2.41% of GDP. In the past 12 months, the result shows a nominal deficit of 2.05%, and its recent evolution is shown in the chart below.

Source: Central Bank of Brazil

1 comment:

  1. Italy as well runs a primary surplus and an overall deficit due to interest payments on the debt stock.

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