Deficit in public and state accounts rises, and family defaults reach record
According to Revista Oeste, a R$5.5 billion shortfall in September, a record deficit for state-owned companies and record family debt put pressure on the fiscal and tax debate.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 3 MIN
In a program shown on October 29, Oeste Sem Filtro, from Revista Oeste, brought together a set of fiscal data that puts pressure on the economic debate. The number that draws the most attention is public accounts, with a deficit of R$5.5 billion in September. Federal state-owned companies have accumulated a deficit of R$8.5 billion up to the same month, and the publication highlighted the result as a record.
On the family side, defaults and debt reached a record in September, according to data from the Central Bank cited by Revista Oeste. The indicator places the domestic budget at the center of the discussion on credit and consumption, at a time when the public sector itself remains in the red.
On the tax front, Revista Oeste reported that the TCU presented a proposal related to CBS and issued a warning about a 30% VAT in Brazil. On the other hand, the productive sector is asking for the postponement of obligations set out in the tax reform, which shows that companies are still looking for time to adapt to the new rules.
In political news, the publication reported that Valdemar did not like a letter from Flávio and that Trump's team organized a trip for Flávio to the United States. The WSJ criticized the Lula government and saw political revenge against Flávio.
Fachin's decision was also on the agenda, which shelved five more investigations of the Fake News Inquiry. Topics of this nature tend to weigh on risk perception, even when they do not directly change company numbers.
What changes for the investor
Growing deficits in public and state accounts, added to record household defaults, are variables that the market follows closely in the interest rate curve and exchange rate, because they shape expectations about fiscal policy. A possible change in consumption taxation, such as the 30% VAT mentioned in the TCU alert, could affect company margins and prices. For those who operate the stock market, Nasdaq, interest rates and the dollar, the point of attention is the government's next step on public accounts and tax reform. This article does not provide a purchase or sale recommendation and does not project asset prices.
Automatically translated from Portuguese.
