Brazil’s public sector gross debt decreased to 75.3% of GDP in January, down from 76.1% in December. The public sector recorded a primary surplus of 104.096 billion reais, exceeding economists’ expectations of 102.135 billion reais.
In January, Brazil’s public sector gross debt fell to 75.3% of the nation’s Gross Domestic Product (GDP), a reduction from 76.1% in December. This information was revealed in data released by the central bank on Friday. Additionally, the public sector achieved a primary surplus of 104.096 billion reais, equivalent to approximately $17.92 billion for the month. This surplus exceeded the estimates provided by economists surveyed by Reuters, who had anticipated a surplus of 102.135 billion reais.
In summary, Brazil’s public sector gross debt has declined, reflecting a healthier economic position with a significant primary surplus reported for January. The performance surpasses economists’ expectations and indicates a positive trend in fiscal management.
Original Source: www.tradingview.com
