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Reuters
5 days ago
- Business
- Reuters
Brazil's central government posts higher-than-expected primary surplus in April
SAO PAULO, May 29 (Reuters) - Brazil's central government recorded a primary budget surplus of 17.8 billion reais ($3.1 billion) in April, Treasury data showed on Thursday, above the 15.9-billion-real surplus projected by economists polled by Reuters. The figure represents an increase from the 11.6-billion-real surplus in the same period of last year, driven by higher tax collection, as well as a jump in revenues coming from dividends and the exploration of natural resources, specially oil. Year-to-date, the central government primary surplus reached 72.4 billion reais, more than double the 31.8-billion-real surplus posted a year earlier. The improvement has been helped by a favorable base effect, as the government chose to push a hefty bill for court-ordered payments to the second half of the year, whereas those payments were made in the first half in 2024. In the 12-month period, the primary deficit stood at 5.3 billion reais, or 0.02% of gross domestic product (GDP). Speaking at a press conference, Treasury Secretary Rogerio Ceron said the central government will probably post a 12-month primary surplus in May. The government targets a zero primary deficit this year, with a tolerance margin of 0.25% of GDP, meaning it can record a deficit of up to 31 billion reais and still comply with fiscal rules. ($1 = 5.6574 reais)
Reuters
27-02-2025
- Business
- Reuters
Brazil's central government posts $14.6 billion primary budget surplus in January
BRASILIA, Feb 27 (Reuters) - Brazil's central government posted a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, Treasury data showed on Thursday, for which economists polled by Reuters were forecasting a 88.450 billion reais surplus for the month. ($1 = 5.8268 reais)
