February 28, 2014 / 5:40 PM / 3 years ago

Brazil posts primary surplus of 19.921 bln in January

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BRASILIA, Feb 28 (Reuters) - Brazil posted a primary budget surplus of 19.921 billion reais ($8.53 billion) in January, 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 surplus of 21.2 billion reais, according to a median forecast of 13 analysts surveyed by Reuters.

The country had a surplus of 10.4 billion reais in December.

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