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LatinNews Daily - 02 January 2020
In brief: Brazil’s BCB posts public sector deficit for November
* Brazil’s central bank (BCB) has posted the government’s latest fiscal statistics, according to which the public sector’s primary deficit totalled R$15.3bn (US$3.81bn) in November 2019, down from R$15.6bn in November 2018. The primary deficit totalled an accumulated R$48.4bn in 2019, driven by a R$72.8bn deficit in the central government’s accounts, while regional governments posted a R$22.3bn surplus and state-owned companies a R$2.1bn surplus over this period. In the 12 months to November 2019, the public sector’s primary deficit totalled R$89.5bn, equivalent to 1.24% of GDP.
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