Brazil central gov't easily meets 2017 primary budget target

By Kitco News / January 29, 2018 / www.kitco.com / Article Link

BRASILIA, Jan 29 (Reuters) - Brazil's central government easily met its 2017 primary budget deficit target after rising tax revenue led to a smaller-than-expected December shortfall, government data showed on Monday.

The central government, comprised of the federal government, social security and the central bank, posted a deficit of 124.401 billion reais ($39.3 billion) in 2017 before interest rate payments, down 23 percent from the year before. The December deficit totaled 21.168 billion reais, below the median estimate of 25.2 billion reais in a Reuters poll. ($1 = 3.17 reais)


(Reporting by Marcela Ayres; Writing by Bruno Federowski)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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