CORRECTED-Brazil central government posts record surplus in January

By Kitco News / February 27, 2018 / www.kitco.com / Article Link

(In headline and throughout, corrects to surplus from deficit)

BRASILIA, Feb 27 (Reuters) - Brazil's central government primary budget surplus widened more than expected in January, Treasury data showed on Tuesday, setting a record for any month since records began in 1997.

The central government, which includes federal ministries, the social security system and the central bank, posted a primary budget surplus of 31.069 billion reais ($9.58 billion) last month, up from 21.168 billion reais in the previous month. Analysts had forecast a January surplus of 19.3 billion reais in a Reuters Poll.


($1 = 3.24 reais)


(Reporting by Marcela Ayres Writing by Gram Slattery)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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