* Brazil’s central bank (BCB) has released the latest public sector fiscal results, which show that the central government posted a R$16.5bn (US$3.97bn) primary fiscal deficit in August. Overall, the public sector primary deficit (including the central government, state governments, and state-owned firms) stood at R$13.4bn for August, down from R$16.9bn in August 2018. In the 12 months to August 2019, the accumulated public sector primary deficit stood at R$95.5bn. The government’s deficit target for 2019 is R$139bn. The public sector’s nominal deficit, including primary deficit and nominal interest rates, totalled R$444.7bn in the 12 months to August 2019, equivalent to 6.32% of GDP (a 0.21 percentage point decrease on the nominal deficit posted for the 12 months to July).
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