LatinNews Daily - 17 May 2022

In brief: Brazil posts primary surplus in March

* Brazil’s central bank (BCB) has released the latest fiscal statistics, which show that the public sector posted a primary surplus of R$4.3bn (US$849.6m) in March, down from a R$5.0bn surplus in the same month last year. The central government posted a R$7.8bn deficit in March, regional governments posted an R$11.9bn surplus, and state companies posted a R$242m surplus. In the 12 months to March, Brazil’s public sector posted a surplus of R$122.8bn, equivalent to 1.37% of GDP. Meanwhile, Brazil’s nominal deficit – including the primary result and debt interest payments – fell to R$281.1bn (3.15% of GDP), down 0.24 percentage points on February 2022.

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