Showing posts with label Mansueto Almeida. Show all posts
Showing posts with label Mansueto Almeida. Show all posts

Thursday, 30 January 2020

Jair Bolsonaro's government promises a deficit in 2019 of between R$ 70 billion and R$ 80 billion, but the government ended last year with a primary deficit of R$ 95.1 billion

According to the newspaper Correio Braziliense, data released by the National Treasury show that the deficit recorded last year is R $ 43.9 billion less than the target forecast for 2019, which was a negative result of R $ 139 billion. The result is also 23.7% better than in 2018 when the gap reached R $ 120 billion. However, the gap was much larger than the government had promised.

Jair Bolsonaro's government had promised a deficit in 2019 between R$ 70 billion and R$ 80 billion, but the government ended last year with a primary deficit of R$ 95.1 billion, that is, more than 15 billion above the government's forecast.

Despite the result being the best since 2014 after Economy Minister Paulo announced that the deficit in 2019 was expected to be R$ 80 billion. Then, Mansueto Almeida, secretary of the Treasury, even said that the 2019 deficit would be R$ 70 billion. For this reason, the final result is frustrating, if we consider the communications of the registry and the secretary. Therefore, this government's inability to communicate with the media can worsen even when the results are not so bad.

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