June 30, 2017 / 1:42 PM / 4 months ago

Brazil posts larger-than-expected budget deficit in May

BRASILIA, June 30 (Reuters) - Brazil posted a primary budget deficit of 30.736 billion reais ($9.30 billion) in May, central bank data showed on Friday.

The deficit was larger than market forecasts for a gap of 21.05 billion reais and came after a budget surplus of 12.9 billion reais in April.

$1 = 3.3060 reais Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by W Simon

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