Daniel Lima

Repórter da Agência Brasil


Brasília - The government had a November primary account surplus of US$2.542 billion (R$ 6.857 billion). The surplus target for the month was US$1.853 billion (R$5 billion). The primary account does not take into consideration interest payments on government debt.


According to the Central Bank, everybody had a surplus in November. The federal government surplus was US$927 million (R$2.5 billion), state governments had a surplus of US$519 million (R$ 1.4 billion) and state-run enterprises US$1.075 billion (R$2.9 billion).


For the year, the primary account surplus has now reached US$31.43 billion (R$84.8 billion), or the equivalent of 5.3% of GDP, compared to US$26.056 billion (R$70.3 billion), or the equivalent of 5% of GDP, during the same period last year.


As for the surplus target in the agreement with the International Monetary Fund, it was US$26.501 billion (R$71.5 billion), which means the government is almost US$5 billion beyond it.


Meanwhile, net government debt fell from US$350.4 billion (R$945.4 billion) in October (51.9% of GDP) to US$348.9 billion (R$941.1 billion) in November (51.1% of GDP).


(Translation: Allen Bennett)