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Brazil's central govt budget deficit widens more than expected in May
June 29, 2017 / 4:56 PM / in 5 months

Brazil's central govt budget deficit widens more than expected in May

BRASILIA, June 29 (Reuters) - Brazil’s central government budget deficit widened much more than expected in May, Treasury data showed on Thursday, raising the risk that the government will miss its budget target this year as a weak economic recovery weighs on tax revenues.

The central government, which includes federal ministries, social security and the central bank, posted a primary budget deficit of 29.371 billion reais ($8.88 billion) last month, compared with expectations for a deficit of 20 billion reais from economists in a Reuters Poll.

$1 = 3.3058 reais Reporting by Silvio Cascione; Editing by Chizu Nomiyama

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