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UPDATE 1-Brazil's public sector gross debt 73.8% of GDP in November

Reuters
·1-min read

(Adds details, revised Oct figure)

SAO PAULO, Jan 5 (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)