The gross debt of Brazil registered an increase in February, when the consolidated Brazilian public sector presented a primary deficit, according to data released this Friday by the central bank.
The country’s gross public debt as a proportion of GDP closed February at 73%, against 72.5% in the previous month. The net debt was 56.6%, from 56.1%.
The expectation in a Reuters poll was 56.7% for net debt.
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In February, the consolidated public sector registered a primary deficit of 26.453 billion reais, against the expectation of economists consulted in a Reuters poll of a negative balance of 30 billion reais.
The performance shows that the central government had a deficit of 39.238 billion reais, while states and municipalities recorded a primary surplus of 11.847 billion reais and state-owned companies had a positive balance of 938 million reais, data from the Central Bank showed.
Source: Moneytimes
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