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Investing.com -- Brazil’s public sector gross debt rose to 78.6% of gross domestic product in October, up from 78.1% in September, according to central bank data released Friday.
The public sector recorded a primary surplus of 32.39 billion reais ($6.05 billion) for the month, slightly below the 33.5 billion reais surplus expected by economists.
The central bank data also showed that Brazil posted an overall budget balance of -81.522 billion reais in October.
In the 12 months through October, Brazil’s primary budget balance equaled -0.30% of GDP, the central bank reported.
The public sector net debt reached 65.0% of GDP in October, higher than the 64.6% forecast by economists.
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