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World

Brazil public sector debt rises to record 89.7pc of GDP in January

  • The public sector surplus excluding interest payments of 58.4 billion reais was more than the 50 billion reais surplus forecast in a Reuters poll of economists, and the overall deficit in the 12 months through January was worth 9.4% of gross domestic product.
Published February 26, 2021

BRASILIA: Brazil's national debt opened this year at a record high 89.7% of gross domestic product, while the public sector posted a primary surplus of 58.4 billion reais ($10.6 billion), the central bank said on Friday.

The public sector surplus excluding interest payments of 58.4 billion reais was more than the 50 billion reais surplus forecast in a Reuters poll of economists, and the overall deficit in the 12 months through January was worth 9.4% of gross domestic product.

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