Nov 7, 2011

Brazil: Public Sector Borrowing Requirements September 2011

The primary surplus over 2011 reached 3.50% of GDP up to September. Despite the high primary surplus compared with previous years, as we see in the chart below, the interest expenses were also high, reaching 5.93% of GDP, and resulted in a nominal deficit of 2.43% of GDP.

Source: Central Bank of Brazil

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