Brazil’s Economy Ministry will release its first estimate of a primary surplus in nine years on Thursday, but will freeze additional spending to meet a constitutional spending cap, two department officials told Reuters.
The sources, who spoke on condition of anonymity, said the 2022 budget surplus before interest payments is now estimated at C$13 billion ($2.5 billion) for the central government, including Brazil’s Finance Ministry, Central Bank and Social Security.
The forecast will be part of the government’s bimonthly income and expenditure report, published on Thursday.
In July, the ministry had predicted a primary gap of R. . .
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