Brazil easily beats IMF primary surplus goal in H1

BRAZIL - Brazil posted a primary budget surplus of 30.42 billion reals ($12.47 billion) in the first half of the year, sharply beating an IMF-agreed target for the surplus with 8.9 billion reals to spare, the Central Bank said today, 30 July.

For the month of June alone, Brazil posted a primary budget surplus, which excludes debt servicing costs, of 3.45 billion reals compared with 3.71 billion reals in May.

The nominal budget balance, which includes debt servicing, posted a surplus in June of

To continue reading...