Brazil central govt posts primary surplus of $401mn in December

BRASILIA: Brazil's central government posted a primary budget surplus of 1.039 billion reais ($401 million) in December, the country's Treasury said on Thursday.

The central government account, which covers federal ministries, the central bank and social security, posted a primary deficit of 6.711 billion reais in November.

For all of 2014, the central government record a primary deficit of 17.234 billion reais, its first gap ever recorded.

The central bank is scheduled to release on Friday the country's consolidated fiscal results, which includes states, municipalities and some state-owned companies. It is regarded as the benchmark for Brazil's fiscal performance.