Brazil’s Public Sector Gross Debt Falls to 75.3% of GDP in January

In January, Brazil’s public sector gross debt decreased to 75.3% of GDP from 76.1% in December. The primary surplus was 104.096 billion reais, higher than the expected 102.135 billion reais, indicating robust fiscal performance.

In January, Brazil’s public sector gross debt reduced to 75.3% of its gross domestic product (GDP), a decrease from December’s figure of 76.1%, according to data released by the central bank. This reduction indicates an improvement in the country’s financial standing. Additionally, the public sector reported a primary surplus of 104.096 billion reais (approximately $17.92 billion) for January, exceeding economists’ expectations of 102.135 billion reais as recorded in a Reuters poll. This suggests a robust fiscal performance for the month, which is a positive indication for Brazil’s economic outlook.

Brazil’s public sector gross debt has shown a notable decrease to 75.3% of GDP in January, reflecting improved fiscal health. The higher-than-expected primary surplus also signals a strong performance, suggesting a positive trajectory for the nation’s economy moving forward.

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