December 28, 2017 / 1:01 PM / 6 months ago

Brazil posts smaller-than-expected Nov primary budget deficit

SAO PAULO, Dec 28 (Reuters) - Brazil posted a smaller-than-expected 909 million real ($275 million) primary budget deficit in November, beating analyst expectations for a fifth straight month and looking set to meet the year-end target.

Economists had expected a deficit of 10 billion reais, according to the median forecast in a Reuters poll. The primary deficit shrank to 149.0 billion reais in the 12 months through November, or 2.29 percent of gross domestic product. Brazil targets a 163.1 billion real primary deficit this year. ($1 = 3.3129 reais) (Reporting by Bruno Federowski Editing by Chizu Nomiyama)

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