Brazil Posts R$18.9 Billion Primary Surplus in January

To obtain the large surplus, however, the government significantly cut some of Brazil's most important social programs and investments.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The federal government of Brazil announced on Thursday it posted the third largest primary surplus in history for month of January, last month. According to officials the central government registered a surplus of R$18.968 billion, up by 21.4 percent from the January 2016 surplus of R$14.835 billion.

"The number released today comes in addition to a series of positive indicators, such as the reduction of the interest rate announced by the Central Bank yesterday, a significant increase in foreign investment flows and the first signs . . .

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