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LatinNews Daily - 01 April 2020
In brief: Brazil public sector sees primary deficit in February
* Brazil’s central bank (BCB) has released the latest fiscal results, according to which Brazil’s public sector saw a R$20.9bn (US$4.01bn) primary deficit in February this year, driven by a R$26.9bn deficit in the central government’s accounts, while regional governments and state companies posted a R$5.2bn and R$770m surplus, respectively. Brazil’s public sector accumulated a R$35.4bn surplus in the first two months of the year, and a R$58.5bn deficit in the 12 months to February. The nominal deficit, which includes primary deficit and nominal interest rates, totalled R$440.4bn in the 12 months to February, equivalent to 6% of GDP.
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