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Brazil real to strengthen much more , says economy minister
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Brazil real to strengthen much more , says economy minister
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BRASILIA, May 31 (Reuters) - Brazil’s public finances improved significantly and across the board in April, official figures showed on Monday, as a chunky budget surplus contributed to the biggest decline in government debt as a share of the economy in over a decade.
Public sector debt fell to 86.7% of gross domestic product in April, central bank figures showed, the lowest since July last year and down sharply from 88.9% the month before.
The decline of 2.2 percentage points was the steepest month-on-month fall since December 2010, according to Refinitiv data.
Net public sector debt also fell in April, to 60.5% of GDP from 61.1% the month before. That was the lowest since October.
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People walk around the Saara street market, amid the outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro, Brazil November 19, 2020. Picture taken November 19, 2020. REUTERS/Pilar Olivares/Files
BRASILIA (Reuters) - Brazil’s economy is on track to register “very strong” growth this year, Economy Minister Paulo Guedes said on Tuesday, as the accelerated roll out of COVID-19 vaccinations and protocols help the economy build on its solid performance in the first quarter.
Guedes was speaking after figures showed that Latin America’s largest economy grew faster than expected in the January-March period on a quarterly and year-on-year basis, taking it back to its pre-pandemic size in 2019.
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