Brazil admits strong deterioration of 2023 government finances: primary deficit 2.1% of GDP

Friday, February 2nd 2024 - 03:46 UTC

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Brazil had undergone a sharp fiscal deterioration during last year with the central government's primary budget deficit reaching 230.5 billion Reais (US$ 47 billion), released data showed this week. The 2.1% of Gross Domestic Product (GDP), reverses a 0.5% surplus in 2022 and represents the second-largest ever recorded by the country. Read full article

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Brasileiro
In August 2022, former president Bolsonaro defaulted on 110 billion reais (with interest, therefore the value reported by Mercopress is wrong) in the Precatório (court orders) so that money could be distributed among evangelicals, truck drivers, taxi drivers , etc, etc, with the aim of winning the presidential elections that year.

In December of this year (2023) the STF (Supreme Court) authorized President Lula's government to pay outstanding court orders outside the Federal Budget. What was done in the last week of the year.

The budget target was met in 2023. We all knew about the excesses and corruption of Bolsonaro's Nazi government. And how we would have to rebuild public accounts in 2023.

The Mercopress headline demonstrates partiality in information and extreme ill will towards Brazil. Mercopress quickly becomes a fascist propaganda poster.

President Lula's government, in addition to rebuilding public accounts, worked tirelessly to recover fiscal expenses arising from benefits carried out by the extreme right with the exemption from taxes on large companies and qualified votes in CARF. This generates expectations of a reversal of fiscal spending of around 100 billion reais in 2023.

As an example:

https://www.brasil247.com/economia/secretario-do-tesouro-diz-que-governo-pode-manter-deficit-zero-com-arrecadacao-surpreendente-com-super-ricos
Feb 02nd, 2024 - 09:44 am - Link - Report abuse 0
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Pugol-H
Bras
It says that in 2022, when Bolsonaro was president, there was a surplus of 0.5%.

In 2023, when Lula was president, there was a deficit of 2.1%, ‘the second-largest ever recorded by the country.’

Data doesn’t lie, however much you try and ‘explain it away’.

We shall see what 2024 brings, I predict another whopping deficit not least because of drought and crop failure, although no doubt you will still try and blame Bolsonaro.

You heard it here first.
Feb 03rd, 2024 - 03:31 pm - Link - Report abuse +1
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Brasileiro
Let's go by parts: Budget

1) failure to grant retirement benefits to Brazilian workers, resulting in a waiting time of more than 100 days for applicants in 2022;

2) non-replacement of vacancies in the public service in 2022;

3) default on court orders in 2022;

4) distribution through dividends of 100% of Petrobrás' profit in 2022 (Federal Government is the majority shareholder);

5) public sector investments (2022) at historic lows.

Consequences of Bolsonaro's government: poverty, poor public service, unemployment, hunger and a lot of death.

Even I manage to make a surplus in public accounts this way.

HARVEST FAILURE

I would like to know where you English people got this idea from. Brazil will have the second largest food harvest in history in 2024. And we already suspect that it will be the best in history, even better than the one in 2023.

https://revistacultivar.com.br/noticias/conab-atualiza-a-estimativa-da-safra-de-graos-2023-24

DRY? WHERE?

“Brazil's main reservoirs record the best water level in the last 14 years.” Sources: g1.globo.com - ons.org.br (National Electric System Operator)
Feb 04th, 2024 - 08:10 am - Link - Report abuse 0
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Pugol-H
https://reliefweb.int/report/brazil/unicef-brazil-humanitarian-situation-report-no-2-amazon-drought-22-november-2023#:~:text=There%20are%20an%20estimated%20150%2C000,considered%20the%20worst%20drought%20ever.

‘Since October 2023 in Brazil, all the 62 municipalities in Amazonas state are currently facing a drought emergency. As of 25 October, the State of Pará, adjacent to Amazonas, also declared 20 of its 144 municipalities in emergencies. The affected surface represents between 1,5 and 2 million km², about 20% of Brazil's territory’.

Worst drought is Brazil's recorded history and yet you seem to know nothing about it!!!

Very strange.
Feb 04th, 2024 - 04:40 pm - Link - Report abuse +1
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Brasileiro
The Amazon is not part of our plantation circuit. The Amazon is a forest. It will continue to be.

And we will all preserve it that way. Right?
Feb 04th, 2024 - 04:48 pm - Link - Report abuse -1
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Pugol-H
The drought is getting worse, spreading and affecting everything and it’s becoming an annual event.

https://www.reuters.com/markets/commodities/brazilian-farmers-slow-fertilizer-buys-drought-dampens-corn-planting-plans-2023-12-18/

You’re not preserving anything least of all the Amazon, which you are relentlessly clearing.

What do you think is going to happen to Brazilian agricultural production with this drought weather pattern as the new normal???

Venezuela will look well fed.
Feb 04th, 2024 - 05:18 pm - Link - Report abuse +1
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Pogul-X
https://en.mercopress.com/2024/02/03/heat-wave-grips-argentina-chile-uruguay-paraguay-and-brazil
Feb 04th, 2024 - 05:23 pm - Link - Report abuse 0
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Brasileiro
One aircraft carrier is not enough. Send more. Send everyone!
Feb 04th, 2024 - 05:24 pm - Link - Report abuse -1
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imoyaro
“...not part of our plantation circuit.”
Sounds a bit patronizing there, Brasso. Are you, by chance, the master?
Feb 05th, 2024 - 12:40 am - Link - Report abuse 0
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Terence Hill
https://en.mercopress.com/2024/01/30/disqualification-of-maria-corina-machado-shadows-venezuela-s-path-to-reconciliation/comments#comment530068

“these are often referred to collectively as five fingers’.”

So you claim, but where is it's use in ordinary publications? i.e newspaper's, journals, published novels.
I can´t find any such instance, and I'll bet can't either. So your 'often referred to collectively´, appears to be decidedly lacking.
Not that it helps your claim, as you are bound by your original statement, and your very own deliberate 'fraud by omission“
I see only one use as a movie title, but that's it, very, very rarely. It's not part of common parlance.

“he was never declared innocent. ...did not invalidate the proof”

I pull up your constitution and prove you are a liar yet again, very satisfying.

“The Brazilian Constitution

5. The Principle of Presumption of Innocence

The Principle of Presumption of Innocence means that the accused shall not be considered guilty until his criminal conviction has become final and nonappealable.

Therefore, the prohibition of former or double jeopardy protects a defendant from being processed and imprisoned based upon a criminal record of charges brought in previous cases, whether adjudicated or not.”
http ://hrlibrary.umn.edu/fairtrial/wrft-wb.htm
Feb 08th, 2024 - 09:09 am - Link - Report abuse 0
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