BRASILIA Growth in Brazil’s manufacturing sector accelerated in May to its fastest rate in three months, a survey of purchasing managers’ activity showed on…
/PRNewswire/ The 22nd edition of the CEO Conference, organized by BTG Pactual, took place on May 25-26 in São Paulo, and brought together important members.
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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.