The Brazilian public sector accounts (central government, states and municipalities, and state-owned companies) recorded a primary surplus of US$78.7 billion (US$15.515 billion) in the first four months of the year, 47 percent less than in the first four months of last year, the Central Bank informed yesterday.
According to the issuing entity, the consolidated public sector result between January and April equals 2.31 percent of the country's Gross Domestic Product (GDP).
The primary surplus occurs when tax revenues exceed expenditures without considering interest on public debt.
At the same time, consolidated public sector . . .
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