Brazil exceeds central government primary surplus goal for 2011

Matthew Cowley – Dow Jones/WSJ, 01/27/2012

Brazil exceeded the goal for its central government accounts, the Treasury reported Friday.

The central government, which includes the Treasury, the social security system and the central bank, posted a 93.5 billion-Brazilian-real primary surplus for 2011, equivalent to 2.26% of gross domestic product. That was above the goal of a surplus of BRL91.8 billion.

The central government posted a BRL2 billion ($1.1 billion) primary budget surplus for December.

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