SAO PAULO (Reuters) – Brazil’s gross debt rose in February as Brazil’s consolidated public sector posted a primary deficit, according to data released on Friday by the central bank.
The ratio of gross public debt to GDP closed February at 73%, against 72.5% in the previous month. Net borrowing was 56.6%, up from 56.1%.
The expectation in a Reuters poll was 56.7% for net debt.
In February, the consolidated public sector recorded a primary deficit of 26.453 billion reais, against the expectation of economists consulted in a Reuters poll of a deficit of 30 billion reais.
The performance shows that the central government had a deficit of 39.238 billion reais, while states and municipalities had a primary surplus of 11.847 billion reais and state-owned companies had a surplus of 938 million reais, the data showed. of the Central Bank.
Source: Terra
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