Brazil posts Jan primary budget surplus of 30.251 bln reais

BRASILIA Wed Feb 27, 2013 8:37am EST

BRASILIA Feb 27 (Reuters) - Brazil posted a primary budget surplus of 30.251 billion reais ($15 billion) in January after a surplus of 22.25 billion reais in December, the central bank said on Wednesday.

The primary budget surplus is a gauge closely watched by investors because it measures a country's ability to service its debt. It represents the excess of revenue over expenditures before interest payments are taken into account.