Brazil’s Public Sector Gross Debt Decreases to 75.3% of GDP in January

Brazil’s public sector gross debt decreased from 76.1% to 75.3% of GDP in January. Additionally, the country recorded a primary surplus of 104.096 billion reais, surpassing economic forecasts.

In January, Brazil’s public sector gross debt fell to 75.3% of its gross domestic product (GDP), down from 76.1% in December, according to data released by the central bank. This decline indicates improvements in the country’s fiscal management. Additionally, the public sector achieved a primary surplus of 104.096 billion reais (equivalent to approximately $17.92 billion) for the month, which exceeded the anticipations of economists who had predicted a surplus of 102.135 billion reais.

The data illustrates a positive trend in Brazil’s public finances, characterized by a reduction in gross debt relative to GDP and an exceeding primary surplus. Such financial indicators may signify enhanced economic stability and responsible fiscal policies within the country.

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