Brazil sees public sector primary deficit of 9.49 pct of GDP in 2020

BRASILIA, Jan. 29 (Xinhua) -- Brazil's public sector registered a primary deficit of 703 billion reals (128.52 billion U.S. dollars) in 2020, equivalent to 9.49 percent of the country's gross domestic product (GDP) and the seventh year in a row of numbers in the red, the Central Bank of Brazil said on Friday.

According to the bank's report, the fiscal deficit registered last year was much higher than in 2019, when it totaled 61.9 billion reals (11.316 billion dollars).