September 21, 2018 / 6:34 PM / a month ago

Brazil sees higher leeway to deliver 2018 fiscal target

BRASILIA, Sept 21 (Reuters) - The Brazilian government on Friday predicted it will have more breathing room than expected to deliver its 2018 fiscal target due to higher revenues and lower expenses.

In a bimonthly report, the government forecast it would meet this year’s target of a deficit of 159 billion reais ($39.38 billion), with 8.225 billion reais to spare before interest rate payments, compared with 1.845 billion reais in leeway predicted previously. ($1 = 4.0378 reais) (Reporting by Marcela Ayres; Writing by Bruno Federowski; Editing by Jeffrey Benkoe)

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