Brazil’s Public Sector Primary Deficit in November Sets Four-Year High

In the 12 months ending in November, the primary deficit amounted to R$664.6 billion, equivalent to 8.93 percent of the gross domestic product (GDP).

RIO DE JANEIRO, BRAZIL - Brazil's public sector registered a primary deficit of R$18.1 billion (US$3.49 billion) in November, the worst result for the month since 2016, the Central Bank of Brazil announced on Wednesday, December 30th.

In the 12 months ending in November, the primary deficit amounted to R$664.6 billion, equivalent to 8.93 percent of the gross domestic product (GDP).

Brazil's primary deficit figures track the fiscal performance of federal, state and local governments, and state-owned companies excluding banks, oil company Petrobras and electric utility Eletrobras, without counting interest paid . . .

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