09/30/2024 – 8:52
SÃO PAULO (Reuters) – Brazil’s gross debt registered a slight increase in August, when the Brazilian consolidated public sector presented a larger-than-expected primary deficit, according to data released this Monday by the Central Bank.
The country’s gross public debt as a proportion of GDP closed August at 78.5%, against 78.4% in the previous month. Net debt was 62.0%, from 61.8%.
Expectations in a Reuters survey were 78.7% for gross debt and 62.3% for net debt.
In August, the consolidated public sector recorded a primary deficit of 21.425 billion reais, greater than the expectation of economists consulted in a Reuters survey of a negative balance of 20.8 billion reais.
The performance shows that the central government had a deficit of 22.329 billion reais, while states and municipalities recorded a primary surplus of 435 million reais and state-owned companies had a positive balance of 469 million reais, data from the Central Bank showed.
(By Camila Moreira)
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