Tag: Otavio Ladeira

• Tuesday, May 31st 2016 - 07:21 UTC

  Brazil's posts a primary budget surplus in April, because of annual income tax collection

  

  The Brazilian government posted a primary budget surplus in April well above market expectations due to a seasonal increase in tax revenues and a drop in subsidies, a senior official said on Monday. The government, which is struggling to lift the economy out of a deep recession, posted a primary budget surplus of 9.751 billion reais (US$2.72 billion) in April.