According to the Secretary of Finance, this latest revision was motivated by economic measures adopted to face the coronavirus crisis. Before, the deficit foreseen in the Budget was R$ 124 billion.
Waldery Rodrigues, special secretary of Finance at the Ministry of Economy, disclosed this Thursday (the 2nd) that the federal government considerably raised the forecast for the deficit in public accounts to R$ 419.2 billion, in 2020.
The secretary delivered the information at a press conference at the Planalto Palace alongside other members of the economic team. The budget for the year in question, sanctioned in January by President Jair Bolsonaro, provided for a relatively smaller deficit: R$ 124 billion.
According to Waldery Rodrigues, the increase in the deficit forecast was motivated by the increase in expenses related to measures to combat the advancement of the coronavirus crisis. According to the secretary, these measures added up to a total of R$ 224.6 billion.
Still according to the statements made by him, if the deficit in the amount of R$ 419.2 billion is confirmed, it will occupy the place of the largest in the historical series. He also said that the number is an estimate and may be revised later.
economic measures
According to the secretary, among the measures incorporated by the government, the one that will cause the greatest fiscal impact will be aid of R$ 600 for informal workers. Until then, the measure has an estimated impact worth R$ 98.2 billion.
The text has already been approved by the National Congress, and current President Jair Bolsonaro has also reported having duly signed the text. However, the sanction has not yet been published in the “Official Gazette”.
In addition, the second measure with the greatest financial impact, says the government, will be the job maintenance program that provides for a reduction in wages and working hours. The measure has an estimated impact worth R$ 51.2 billion. know more.
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