March 28, 2014 / 1:40 PM / in 3 years

Brazil posts primary surplus of 2.13 bln reais in February

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BRASILIA, March 28 (Reuters) - Brazil posted a primary budget surplus of 2.13 billion reais ($938 million) in February, the central bank said on Friday.

The primary budget balance, which represents the public sector's excess revenue over expenditures before debt payments, was expected to be a deficit of 500 million reais, according to a median forecast of 16 analysts surveyed by Reuters.

The country posted a surplus of 19.9 billion reais in January.

$1 = 2.27 Brazilian reais Reporting by Silvio Cascione and Luciana Otoni; Editing by Meredith Mazzilli

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