Brazil’s public sector may close year with first primary surplus since 2013

The statement came from Minister of Economy Paulo Guedes during a presentation at an event sponsored by Eurasia consultancy.

RIO DE JANEIRO, BRAZIL - Minister of Economy Paulo Guedes said on Tuesday that the public sector - which includes federal, state, municipal and state accounts - should post a primary surplus at the end of this year, recording its first positive data since 2013.

In a presentation in English at an event sponsored by Eurasia consultancy, the Minister said that the federal government's support to states and municipalities has led to substantial improvement in the accounts of regional governments.

The Minister pointed out that President Jair Bolsonaro's current mandate will end with lower spending than observed in his first year . . .

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