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In Addition to Raising Funds Through Concessions, Government Releases Report on Revenues and Expenses, Along With Cuts in Programs
Yesterday, Tuesday the 22nd, the Bimonthly Report on Revenues and Expenses was released by the government, where projections for concessions and permissions showed that values increased from R$ 4.748 billion in July to a total of R$ 8.698 billion. According to the document, this is due to the advancement of the North-South Railway and the Paulista Railway, which is supplied by the fixed airport concessions.
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With dividends and participations, there was a decrease in revenues from R$ 6.038 billion to R$ 5.923 billion, a decline of R$ 115.6 million. The projections for primary revenues this year were adjusted by the government to R$ 1.446 trillion. There were also adjustments in administrative revenues totaling R$ 884.940 billion, social security revenues at R$ 398.407 billion, and social security revenues at R$ 398.407 billion.
The net profit was estimated at R$ 1.185 trillion, compared to R$ 1.195 trillion in the previous report. The estimate is that primary expenses will rise from R$ 1.982 trillion to R$ 2.046 trillion. As a result, the main performance projections changed from a deficit of R$ 787.449 billion to R$ 86.102 billion.
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Document organization can cut invisible costs in small businesses, a simple step that prevents waste, rework, and losses in daily operations.
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The increase in the government’s spending budget in 2020 is mainly due to the rise of R$ 84.4 billion in non-conventional credit related to combating the pandemic. From the publication in July to the present, the Ministry of Economy has raised its spending budget for this year by R$ 63.6 billion. Thus, the measure reaches R$ 2 trillion. The bulk of the special credits is related to emergency assistance with an increase of R$ 67.6 billion. Another R$ 12 billion involves additional resources directly used for Pronampe – National Support Program for Micro and Small Enterprises.
The Federal Government also cut projected spending on subsidies, grants, and Proagro due to the revision of the Emergency Support Program for Employment. Furthermore, the estimates for spending on social security benefits were reduced by R$ 4.5 billion, due to “the behavior of expenses from January to August 2020, and expectations based on the reopening of agencies,” as stated in the Bimonthly Report on Revenues and Expenses.
Additionally, the GDP – Gross Domestic Product is expected to fall by 4.7%, according to the Ministry of Economy.
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