Brazil’s central government posted a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, falling short of the expected surplus of 88.450 billion reais. This budget performance highlights the current fiscal landscape of the government.
Brazil’s central government recorded a primary budget surplus of 84.882 billion reais, equivalent to approximately $14.6 billion, for the month of January, as reported by Treasury data released on Thursday. This figure was slightly below economists’ expectations, which had forecasted a surplus of 88.450 billion reais for the same period. The exchange rate was noted at $1 equaling 5.8268 reais.
In summary, Brazil’s central government achieved a notable primary budget surplus in January amounting to 84.882 billion reais ($14.6 billion), despite falling short of economists’ predictions. This indicator reflects the government’s fiscal position and management of economic resources during the initial month of the year.
Original Source: money.usnews.com
