Brazil’s central government recorded a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, which was lower than the expected surplus of 88.450 billion reais according to economists polled by Reuters.

In January, Brazil’s central government achieved a primary budget surplus of 84.882 billion reais, equivalent to $14.6 billion. This figure, reported by the Treasury, fell slightly short of the anticipated surplus of 88.450 billion reais predicted by economists surveyed by Reuters. The exchange rate indicated that $1 was equivalent to 5.8268 reais, providing context for the currency conversion.

Brazil’s central government reported a substantial primary budget surplus of 84.882 billion reais in January, which translates to $14.6 billion. Although this was a significant achievement, it did not meet the expectations set by economists, who had forecasted a larger surplus of 88.450 billion reais.

Original Source: money.usnews.com