Brazil Sees Major Decline in October Primary Surplus

This resulted from higher spending outpacing revenue growth, leading the surplus to drop to R$ 18.277 billion ($3.729 billion). This figure shows a considerable fall from the R$ 30.592 billion ($6.242 billion) achieved in October 2022. Adjusted for inflation, the surplus declined by 43%. The primary surplus, indicating the government’s fiscal health excluding debt interest, […]

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