LatinNews Daily - 28 February 2022

In brief: Brazil posts primary surplus in January

* Brazil’s central bank (BCB) has released the latest fiscal statistics, which show that Brazil’s public sector posted a R$101.8bn (US$19.7bn) primary surplus in January, a record figure for the month. This compares with the R$58.4bn surplus posted in January 2021. In January 2022, the central government posted a R$77.4bn surplus, regional governments posted a R$20bn surplus, and state-owned companies recorded a R$4.4bn surplus. In the 12 months to January, Brazil’s public sector posted a surplus of R$108.2bn, equivalent to 1.23% of GDP. Meanwhile, Brazil’s nominal deficit – including the primary result and debt interest payments – fell to R$317.5bn in the 12 months to January, or 3.62% of GDP, down from 4.42% of GDP in the 12 months to December 2021.

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