LatinNews Daily - 01 November 2022

In brief: Brazil’s primary surplus falls in September

*Brazil’s central bank (BCB) has released the country’s latest fiscal statistics, showing that the public sector posted a primary surplus of R$10.7bn (US$2.065bn) in September, down from a R$12.9bn surplus in the same month last year. The central government and regional governments posted surpluses of R$11.1bn and R$321m respectively, while state companies posted a R$688m deficit. In the 12 months to September, Brazil’s public sector posted a R$181.4bn surplus, equivalent to 1.93% of GDP. Meanwhile, Brazil’s nominal deficit – which includes both the primary result and debt interest payments – increased to R$410.6bn (4.36% of GDP) in the 12 months to September, up 0.16 percentage points the deficit registered in the 12 months to August 2022. The public sector’s net debt reached 58.3% of GDP in September, compared to 58.2% in the previous month.

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