Brazil’s Central Government Reports January Primary Budget Surplus of $14.6 Billion

In January, Brazil’s central government reported a primary budget surplus of 84.882 billion reais ($14.6 billion), which was less than the expected surplus of 88.450 billion reais based on economist forecasts.

Brazil’s central government achieved a primary budget surplus of 84.882 billion reais (approximately $14.6 billion) in January, as reported by the Treasury. This figure, although substantial, fell short of the projected surplus of 88.450 billion reais anticipated by economists surveyed by Reuters. The exchange rate for the period stood at 1 U.S. dollar equivalent to 5.8268 reais.

The Brazilian government’s primary budget surplus for January reached 84.882 billion reais, which is about $14.6 billion. Despite this positive outcome, it was slightly lower than economists’ expectations of 88.450 billion reais. This highlights the ongoing financial management strategies of the Brazilian central government amidst economic evaluations.

Original Source: money.usnews.com