Brazil Economy Ministry Sees 6 Billion Reais 2022 Primary Surplus

Brazil's Economy Ministry expects the central government to post a primary surplus of 6 billion reais ($1.15 billion) this year, its first since 2013, according to internal estimates seen by Reuters. An official from the ministry, speaking on condition of anonymity as the calculations are not public, called the estimate conservative because it considers 36 billion reais in extraordinary dividends in 2022. The government has already received 25 billion reais from state firms based on earnings in the first half of the year, boosted by an industry-leading payout from state-run oil company Petroleo Brasileiro SA (Petrobras). Read more.