RIO DE JANEIRO, BRAZIL - The Federal Government's cash flow recorded a primary surplus of R$44.124 (US$11.031) billion in January, the best performance for the month in the historical series, which began in 1997, according to the National Treasury. The result, which includes the Treasury, Social Welfare and Central Bank accounts, reversed the R$14.637 billion deficit in December. In January 2019, the result had been positive at R$30.030 billion.
The January result was above the financial market's projections, whose median surplus pointed to R$38 billion, according to a Broadcast Projections . . .
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