Brazil posts 5.515 bln reais Nov primary budget deficit

BRASILIA Fri Dec 28, 2012 8:08am EST

Related Topics

BRASILIA Dec 28 (Reuters) - Brazil's government posted a deficit of 5.515 billion reais ($2.7 billion) in November after a surplus of 12.4 billion reais in October, the central bank said on Friday.

The primary budget surplus is a gauge closely watched by investors because it measures a country's ability to service its debt. It represents the excess of revenue over expenditures before interest payments are taken into account.

The government has said it will resort to alternative accounting methods to meet its primary surplus target of 138.9 billion reais this year.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.