RIO DE JANEIRO, BRAZIL – Brazil’s consolidated public sector posted a primary deficit of R$65.508 billion (US$12.8 billion) in June, with the 12-month deficit reaching 3.81% of gross domestic product (GDP), the Central Bank said on Friday.
A Reuters poll had indicated that a smaller negative balance of R$60.0 billion was expected for the month.
The central government recorded a primary deficit of R$75.083 billion for the month, while regional governments and state-owned enterprises posted surpluses of R$8.391 billion and R$1.183 billion, respectively.