BRASILIA (Reuters) – Brazil’s government on Wednesday revised its primary budget deficit forecast for this year to 787.4 billion reais ($154 billion) in its latest bi-monthly revenue and expenditure report, from a 540.5 billion reais shortfall projected in the last report in May.
The Economy Ministry kept its 2020 primary revenue estimate basically steady at 1.2 trillion reais from the last report’s 1.21 trillion reais projection, and raised its primary spending forecast by 229.3 bln reais to 1.98 trillion reais due to the coronavirus-related emergency measures.
(Reporting by Jamie McGeever, Editing by Franklin Paul)
