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LatinNews Daily - 01 June 2021

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In brief: Brazil’s primary deficit narrows

* Brazil’s central bank (BCB) has released its latest figures on the government’s fiscal results, according to which the public sector posted a R$24.3bn (US$4.66bn) primary surplus in April, the result of a R$16.3bn surplus in central government accounts, R$7bn surplus in state governments, and R$1bn surplus in state-owned companies. This compares with the R$94.3bn public sector deficit recorded in April 2020, in the early months of the coronavirus (Covid-19) pandemic. In the four months of 2021 so far, Brazil’s public sector has recorded a R$75.8bn surplus, but the public sector has accumulated a primary fiscal deficit of R$544.5bn in the 12 months to April, equivalent to 7.08% of GDP. Central government accounts posted a R$609.4bn primary deficit in the 12 months to April, down from R$759.5bn in the 12 months to March.