Brazil's government debt fell to its lowest level since the start of the coronavirus pandemic amid favorable fiscal data, central bank data showed on Wednesday, Reuters reported. The country's debt as a share of gross domestic product dropped to 77.6% in July, from 78% in June, the lowest figure since March 2020, when it reached 77.03%. At the peak of the spending spree to fight the pandemic, the indicator reached 89% of GDP. According to the central bank, the Brazilian public sector recorded a primary surplus of 20.44 billion reais ($3.95 billion) in July, reversing a 10.283 billion reais deficit from the same month last year. The central government surplus reached 19.961 billion reais in July, while states and municipalities recorded a 1.76 billion reais surplus. State-owned companies, on the other hand, had a primary deficit of 1.28 billion reais. Read more.