By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL - The federal government registered a primary surplus of R$6.54 (US$1,6) billion in April. Although positive, the result is the lowest for the month in 21 years, according to data released on Wednesday May 29th by the Federal Treasury.
The surplus is recorded when revenue is higher than expenditure - when the balance is negative, there is a deficit.
The "primary" result does not take into account what the government will still have to disburse to pay interest on public debt.
Despite the surplus, this is the lowest result . . .