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Brazil government forecasts first primary surplus in nine years for 2022

Brazil's Economy Ministry will publish its first estimate of a primary surplus in nine years on Thursday but will freeze additional spending to comply with a constitutional spending limit, two department officials told Reuters.

The sources, who spoke anonymously, said the 2022 budget surplus before interest payments are now estimated at R$13 billion (US$2.5 billion) for the central government, including Brazil's Finance Ministry, Central Bank, and Social Security.

The forecast will be part of the government's bimonthly revenue and expenditure report, released Thursday.

In July, the ministry had forecast a primary gap of R . . .

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