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LatinNews Daily - 9 April 2025
In brief: Brazil’s primary deficit down in yearly terms
*Brazil’s central bank (BCB) has released its latest fiscal statistics, which showed the public sector’s primary deficit in February stood at R$19.0bn (US$3.14bn), down from the R$48.7bn deficit registered in February 2024. This compares to a primary surplus of R$104.1bn in January. The result brings the accumulated deficit in the 12 months until February 2025 to R$15.9bn (0.13% of GDP), down from the deficit of US$45.6bn (0.38% of GDP) registered for the 12 months until January. The monthly nominal deficit for February, which includes the primary result and debt interest payments, was R$97.2bn. The accumulated nominal deficit for the 12 months until February came to R$939.8bn (7.91% of GDP), down from R$956.5bn (8.10% of GDP) registered for the 12 months until January.
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