Investor Presentaiton
Annual Report
AR
2022
SUMMARY
WHO WE
ARE
OUR
STRENGTH
AND
OUR
RESOURCES
OUR
RESULTS
Financial resources
MONETARY AUTHORITY BUDGET (OAM)
The Monetary Authority Budget (OAM) is another source
of financial resources, but has a specific purpose. OAM
exists to legally forecast expenses and revenues of typical
activities of the BCB, such as the management of the
country's international reserves, the execution of financial
operations carried out as bank of banks, the management
of BRL banknotes and coins in circulation in the economy,
among others.
OAM comprises all income and expenses (primary and non-
primary) related to operations carried out in the execution
of the country's monetary, foreign exchange and credit
policies.
Financial income and expenses (non-primary) arise from
the remuneration of financial assets and liabilities and are
measured on an accrual basis. Primary income and expenses,
such as transactions with goods and services, are measured
on a cash basis.
The OAM budget proposal for 2022 set the amounts
of Monetary Authority revenues and expenses at BRL
682.8 billion and BRL 673.7 billion, respectively (CMN
Vote 66, August 26, 2021). Throughout 2022, a budget
reprogramming was necessary, increasing these amounts
to BRL 879.7 billion and BRL 1,143.3 billion, respectively.
Of the BRL 1,143.3 billion budgeted for expenses, BRL
1.1 billion went to primary expenses, which is equivalent
to 0.10% of the total. Expenses estimates for currency
services, such as issuance and distribution, represented
BRL 947.9 million, about 87.16% of estimated primary
expenses.
Execution of the monetary authority's budget (OAM) - in BRL million
Revenues
Charges
International
467,902.7
715,405.3
36.6
Open Market
366,006.9
208,752.5
Banking area
National Treasury
1,468.2
0.0
48,318.3
169,694.8
77.4
Other operations
Currency
8,448.5
82.2
905.0
Primary
Expenses
1,000.5
843,826.3
1,143,158.4
Total
Currency services
Other operations
International operations
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