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Central Government accounts go blue in October, first surplus in six months

Public Accounts

Reduction of expenses and collection of taxes such as Income Tax and CSLL helped in the result

The collection of taxes and the reduction of expenses motivated a positive result in October of R $ 5.191 billion,  the first surplus of the Central Government - composed of the National Treasury, Social Security and Central Bank -  in six months. 

According to the National Treasury, income from Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL), among others, rose. At the same time, there was a  reduction in expenses of R $ 15 billion (13.2%). Total Central Government spending was R $ 98.1 billion in October.

According to Secretary of the National Treasury, Ana Paula Vescovi, the result should be even better, with a direct impact on the accumulated of the year, which reached R $ 103.2 billion. And attic expected revenue concessions and permissions of R $ 26.1 billion, linked to auction hydropower plants (R $ 12 billion), oil (R $ 10 billion) and airports (R $ 3 billion).

Source: National Treasury