In January, Brazil’s public sector gross debt was reduced to 75.3% of GDP from 76.1% in December. The primary surplus for the month reached 104.096 billion reais, surpassing economists’ expectations.
In January, Brazil’s public sector gross debt declined to 75.3% of the country’s gross domestic product (GDP), a decrease from 76.1% in December, according to data released by the central bank on Friday. The decrease in the debt percentage reflects improvements in the nation’s economic performance. Additionally, the public sector achieved a primary surplus of 104.096 billion reais, equivalent to approximately $17.92 billion, which exceeded analysts’ expectations of 102.135 billion reais as reported by Reuters. The current exchange rate stands at one dollar equating to 5.8089 reais.
Brazil’s public sector gross debt has shown a noteworthy reduction as it fell to 75.3% of GDP in January. This improvement is complemented by a larger-than-expected primary surplus for the month, which suggests a positive trend in fiscal management for the country.
Original Source: www.tradingview.com
