BRASILIA, Aug 10 (Reuters) - Brazil’s government will probably change its annual primary budget deficit targets for 2017 and 2018 to 159 billion reais ($50.4 billion) for each year, three government sources said on Thursday.
The government currently targets a primary deficit of 139 billion reais for 2017 and 129 billion reais for 2018. The likely revision comes as a weak economic recovery weighs on revenues and as legislators oppose raising taxes.
The primary budget deficit excludes the expenditure to pay interest on the government’s debt.
$1 = 3.1544 reais Reporting by Marcela Ayres and Ricardo Brito; Writing by Silvio Cascione; Editing by W Simon