Brazil Reports Larger-Than-Expected Budget Surplus for January 2025

Brazil reported a budget surplus of BRL 63.7 billion in January 2025, a substantial increase from BRL 22.2 billion in January 2024 and exceeding the expected BRL 35.3 billion.

In January 2025, Brazil achieved a notable nominal budget surplus of BRL 63.7 billion. This figure marks an increase from BRL 22.2 billion recorded in January of the previous year and surpasses the anticipated surplus of BRL 35.3 billion. The significant surplus is attributed to a substantial rise in the central government surplus, which escalated to BRL 49.6 billion compared to BRL 9.65 billion the previous year, marking a significant turnaround.

The widening of Brazil’s budget surplus to BRL 63.7 billion in January 2025 highlights a significant financial improvement over the past year and exceeds expectations. The primary driver of this surplus is the remarkable performance of the central government, suggesting a positive trend in Brazil’s fiscal position.

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