Brasília – The central government of Brazil posted a primary surplus of 1.1 billion Brazilian reals (US$ 650 million) in November, according to a report issued this Tuesday (28th) by the National Treasury. Thus, there has been a significant decline over the 7.8 billion reals (US$ 4.6 billion) raised in October for paying interest on the public debt.
From January until November, the primary surplus was 64.6 billion reals (US$ 38.1 billion), representing a nominal increase of 27 billion reals (US$ 15.9 billion) over the same period of 2009. 2009. Therefore, the government needs a surplus 13.5 billion reals (US$ 7.9 billion) this month to reach its target of 76.3 billion reals (US$ 45 billion), equivalent to 2.25% of the Gross Domestic Product (GDP).
*Translated by Gabriel Pomerancblum
