Brazil’s public sector gross debt decreased to 75.3% of GDP in January, down from 76.1% in December. The sector recorded a primary surplus of 104.096 billion reais, surpassing economists’ expectations.
In January, Brazil’s public sector gross debt fell to 75.3% of GDP, down from 76.1% in December, as reported by central bank statistics. This decline indicates an improvement in fiscal health. Additionally, the public sector reported a primary surplus of 104.096 billion reais ($17.92 billion), which surpassed economists’ expectations of 102.135 billion reais, highlighting stronger revenue performance during the month.
In summary, Brazil’s public sector has shown improvement with a reduction in gross debt to 75.3% of GDP and a primary surplus that exceeded expectations. These indicators suggest a positive trend in the country’s fiscal management.
Original Source: www.tradingview.com
