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Brazil’s central government achieves first primary surplus in 9 years in September

RIO DE JANEIRO, BRAZIL - The central government, formed by the National Treasury, the Central Bank, and Social Security, recorded a primary surplus of R$303 million (US$54 million) in September, the first positive figure for the month since 2012, helped by increased tax revenues.

In September last year, the deficit had been R$76.144 billion, heavily impacted by extraordinary expenses associated with coping with the Covid-19 pandemic.

"Extraordinary credits, financial support to states and municipalities, and subsidies intended for the Emergency Program for Access to Credit (PEAC Maquininhas) showed a reduction of R$40.9 billion, R . . .

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