January 22, 2018 / 12:42 PM / a month ago

Brazil private-sector pension system deficit up 22 pct in 2017

BRASILIA, Jan 22 (Reuters) - Brazil’s state pension system for private-sector workers ended 2017 with a 182.45 billion real ($57.2 billion) deficit, a 22 percent increase from the year before, government data showed on Monday.

The pension system covering public-sector workers and the army, which offers heftier benefits, rose 12 percent to 86.3 billion reais, the government said.

$1 = 3.1873 reais Reporting by Marcela Ayres; Writing by Bruno Federowski Editing by Chizu Nomiyama

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