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Brazil posts primary surplus of $7.54 bln in April
May 30, 2014 / 1:41 PM / 3 years ago

Brazil posts primary surplus of $7.54 bln in April

BRASILIA, May 30 (Reuters) - Brazil posted a primary budget surplus of 16.896 billion reais($7.54 billion) in April, above market expectations, central bank data showed said on Friday.

The primary budget, which represents the public sector’s excess revenue over expenditures before debt payments, had been expected to show a surplus of 15.000 billion reais, according to the median forecast of 15 analysts surveyed by Reuters.

The country posted a surplus of 3.58 billion reais in March.

$1 = 2.24 Brazilian reais Reporting by Alonso Soto; Editing by Chizu Nomiyama

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