LatinNews Regional Monitor: Brazil & Southern Cone - 30 October 2018

* Brazil’s central bank (BCB) has released the latest figures on the country’s fiscal deficit, which show that the public sector (comprising the central government, state enterprises, and local governments) recorded a primary deficit of R$24.6bn (US$6.6bn) in September. The accumulated primary deficit for the twelve months to September 2018 totals R$87.8bn (US$23.6bn), equivalent to 1.29% of GDP. The total deficit (including interest payments) for the twelve months to September is R$488.8bn (US$131.5bn), or 7.2% of GDP. Overall, gross public sector debt reached R$5.24trn (US$1.4tn) in September, equivalent to 77.2% of GDP (almost unchanged from 77.3% of GDP in August).

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