LatinNews Daily - 01 December 2025

*Brazil’s central bank (BCB) has released the latest fiscal statistics for the public sector, showing a primary surplus of R$32.4bn (US$6.07bn) in October. The latest monthly result contrasts with the deficit of R$17.5bn registered in September but is lower than the surplus of R$36.9bn in October 2024. In the 12 months through October 2025 the public sector registered an accumulated deficit of R$37.7bn (0.30% of GDP), up from the deficit of R$33.2bn (0.27% of GDP) registered for the 12 months through September. The central government posted a monthly surplus of R$36.2bn in October this year, while regional governments registered a total deficit of R$3.6bn and state-controlled companies posted a total monthly deficit of R$149m. The public sector’s nominal deficit in October, which includes the primary result and debt interest payments, was R$81.5bn, down from the nominal deficit of R$102.2bn registered in September.

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