January 29, 2018 / 5:40 PM / a month ago

Brazil central gov't easily meets 2017 primary budget target

BRASILIA, Jan 29 (Reuters) - Brazil’s central government easily met its 2017 primary budget deficit target after rising tax revenue led to a smaller-than-expected December shortfall, government data showed on Monday.

The central government, comprised of the federal government, social security and the central bank, posted a deficit of 124.401 billion reais ($39.3 billion) in 2017 before interest rate payments, down 23 percent from the year before. The December deficit totaled 21.168 billion reais, below the median estimate of 25.2 billion reais in a Reuters poll.

$1 = 3.17 reais Reporting by Marcela Ayres; Writing by Bruno Federowski

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below