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SAO PAULO (Reuters) – Brazil’s government debt as a share of gross domestic product (GDP) dropped to 73.8% in November, central bank data showed on Friday, below the 75% of GDP that economists polled by Reuters were expecting it to reach.
Debt as a share of GDP slightly increased compared to the 73.7% seen a month before, said the central bank, which had previously reported a 74.7% rate for October but revised that figure downwards to 73.7%.
The Brazilian public sector in November posted a primary deficit of 37.27 billion reais ($7.61 billion) for the month, the monetary authority said, compared with a 34.5 billion-real deficit forecast in the Reuters poll.
($1 = 4.8968 reais)
(Reporting by Camila Moreira; Editing by Steven Grattan)