2008 Brazilian federal budget
# 2008 Brazilian federal budget

The 2008 Brazilian federal budget was submitted to the National Congress of Brazil by President Luiz Inácio Lula da Silva on 5 September 2007.

## Total receipts

The total receipts for fiscal year 2008 are estimated at R$1.4 trillion (all values below are given in Brazilian Real).

* Primary receipts: $682.7 billion
   * $448.7 billion - Federal taxes and tributes
   * $157 billion - Social security contributions
   * $77 billion - Other
* Financial income: $669.7 billion
* State enterprises: $62 billion

## Total expenses

The total expenses for 2008 amount to $1.4 trillion.

* Mandatory spending: $502.1 billion
   * $114.9 billion - Transfers to States and Municipalities
   * $130.8 billion - Payroll
   * $198.7 billion - Social security
   * $34.4 billion - Unemployment and other welfare benefits
   * $3.9 billion - Export subsidy
   * $19.4 billion - Other mandatory expenses
* Discretionary spending: $129.6 billion
* Financial spending: $720.9 billion
   * $504.5 billion - Public debt amortization
   * $152.2 billion - Public debt interest
   * $64.2 billion - Other financial expenses
* Investments in State enterprises: $62 billion
