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Brazil central government posts $5.57 billion surplus in April

Christian Fernsby |
Brazil’s central government reported a better than expected primary budget surplus of 28.6 billion reais ($5.57 billion) in April, official figures showed.

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According to the Treasury, central government net revenue rose 5.9% in real terms over the same month last year, while total expenditure declined by 0.5% on the same basis.

Tax revenue has been boosted by a surge in income tax and oil royalties, at a time when international prices remain under pressure because of the Russian invasion of Ukraine.

Year-to-date, the central government recorded a 79.3 billion reais primary surplus, up 75.1% from the same period in 2021 in data adjusted for inflation.

In the 12 months to April, the primary deficit reached 4.6 billion reais, worth 0.06% of gross domestic product, the Treasury said.


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