Portuguese 
English 
Spanish 
2 min of reading 
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.
See Also Other News:
- To Fund Wind Energy in Brazil, BNDES Raises R$ 100 Million in Investments
- Immediate Hiring: Many Job Openings in Macaé for Experienced Candidates in Shipyard or Offshore Contracts This Day, September 23
- Amidst Rising Construction Prices, Klabin Innovates and Uses Waste Sludge to Make Bricks and Reduce Carbon Emissions
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.
-
Lula says that the Brazilian naval industry will “thrash” China and Korea, while the government announces billions for barges, pushers, and a new hydro terminal in the Amazon.
-
After nearly three decades and more than 1 million cars produced, Toyota will close the historic Indaiatuba plant on June 30 and concentrate Corolla production in Sorocaba, as part of an R$ 11 billion plan that heavily invests in flex hybrids and even an unprecedented pickup.
-
The number of Brazilian meatpacking plants with suspended meat sales to China rises to five, after the Chinese blocked the JBS unit in Vilhena due to the presence of hormones in the shipments, adding extra pressure on the sector on the eve of the 2026 export quota being exhausted.
-
How much does it cost to live with dignity in Brazil? A study found that in all 79 regions analyzed, the necessary salary was above the minimum of R$ 1,621. In São Paulo, a family of four needs R$ 6,155 per month.
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.
Be the first to react!