Brazil's surplus increase over 135% in first 10 months

13:45, November 30, 2010      

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Brazil's central government registered a primary surplus of 63.4 billion reais (36.7 billion U.S. dollars) in the first 10 months of 2010, up 135.6 percent from the same period last year, the Treasury Department said on Monday.

The amount is equivalent to 2.19 percent of Brazil's gross domestic product (GDP), up from 1.05 percent in the same period of 2009.

The central government's revenue is formed by the incomes of the Treasury Department, the Central Bank and the Social Security system.

From January to October, the Treasury Department accumulated a primary surplus of 105.8 billion reais (61.3 billion dollars), up 53.7 percent year on year.

The Social Security system, on the other hand, accumulated a primary deficit of 41.9 billion reais (24.3 billion dollars), up 0.9 percent from the same period last year.

The Central Bank's deficit increased 10.2 percent and reached 520.8 million reais (302 million dollars).

In October, Brazil registered a primary surplus of 7.7 billion reais (4.4 billion dollars), down 70.3 percent from September and 31 percent year on year. According to the Treasury Department, the figures were the lowest for October in four years.

The Treasury Department had a surplus of 10 billion reais (5.8 billion dollars) in October, while the Social Security system had a primary deficit of 2.17 billion reais (1.25 billion dollars), and the Central Bank a deficit of 117.3 million reais (68 million dollars).

The Brazilian government set a target of 76.2 billion reais (44.1 billion dollars) for 2010, which amounts to 2.15 percent of the country's GDP.



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