Brazil’s public sector gross debt fell to 75.3% of GDP in January, a decrease from 76.1% in December. Additionally, the public sector recorded a primary surplus of 104.096 billion reais, slightly above economists’ expectations.
In January, Brazil’s public sector gross debt declined to 75.3% of its gross domestic product (GDP), down from 76.1% in December, according to data released by the central bank. This reduction indicates a positive trend in fiscal management within the country. Furthermore, the public sector achieved a primary surplus of 104.096 billion reais, equivalent to approximately 17.92 billion U.S. dollars, which exceeded economists’ expectations of a surplus of 102.135 billion reais.
In summary, Brazil’s public sector has demonstrated a notable improvement in its financial standing, with a reduction in gross debt and a primary surplus that surpassed forecasts. These developments suggest effective fiscal policies are being implemented, contributing to the overall economic stability.
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