LatinNews Daily - 01 December 2020

* Brazil’s central bank (BCB) has released its latest fiscal data, which show Brazil’s public sector (which comprises the central government, state governments, and state-owned companies) recorded a R$3bn (US$562m) primary surplus in October – the first primary surplus in eight months, after the onset of the coronavirus (Covid-19) pandemic and the government’s response drove monthly deficits in excess of R$100bn in March and April. The October result was driven by a primary surplus in state-level governments and state-owned companies, while the central government recorded a primary deficit of R$3.2bn, according to the BCB. Brazil’s public sector has accumulated a primary deficit of R$633bn in January-October this year, compared with a deficit of R$33bn over the same period last year. Meanwhile, gross government debt rose to R$6.57trn in October, exceeding 90% of GDP.  

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