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Article: Brazil's budget surplus, debt burden rise.
- Article from:
- United Press International
- Article date:
- October 31, 2002
CopyrightCOPYRIGHT 2002 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RIO DE JANEIRO, Brazil, Oct 31, 2002 (United Press International via COMTEX)
Brazil reported Thursday a record primary budget surplus for September, a key condition for continuing a $30 billion loan package with the International Monetary Fund.
But the nation's debt burden increased as a percentage of its gross domestic product, which could mean more rough times for Latin America's largest economy.
The September surplus before debt interest payments was about $2.63 billion, the highest monthly total since the central bank began recording the data in 1991. The figure is nearly double the average monthly total and brings the primary budget ...