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Brazil posts primary budget deficit of 10 bln reais in June
July 29, 2016 / 1:46 PM / a year ago

Brazil posts primary budget deficit of 10 bln reais in June

BRASILIA, July 29 (Reuters) - Brazil posted a primary budget deficit of 10.061 billion reais ($3.09 billion) in June, central bank data showed on Friday, in another hefty shortfall that highlights the government’s challenges to rebalance its accounts.

The deficit was below market expectations for a gap of 16 billion reais and came after another hefty primary deficit of 18.125 billion reais in May. ($1 = 3.2510 Brazilian reais) (Reporting by Marcela Ayres; Writing by Alonso Soto; Editing by W Simon)

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