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Brazil central gov't primary deficit wider than expected in March
April 27, 2017 / 5:54 PM / 8 months ago

Brazil central gov't primary deficit wider than expected in March

BRASILIA, April 27 (Reuters) - Brazil’s central government on Thursday posted a primary budget deficit of 11.061 billion reais ($3.48 billion), well above market expectations as a sluggish economic recovery continued to drag down tax income.

The central government, which includes federal ministries, social security and the central bank, had been expected to post a deficit of 8.5 billion reais, according to the median forecast in a Reuters poll of 15 economists. ($1 = 3.1763 Brazilian reais) (Reporting by Alonso Soto; Editing by David Gregorio)

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