BRASILIA (Reuters) – Brazil’s Finance Ministry projected on Wednesday a primary budget deficit of 107.6 billion reais ($20.6 billion) for the central government this year, equal to 1.0% of GDP, according to its first 2023 bi-monthly revenue and expenditure report.
The forecast is significantly below the target primary deficit of 228.1 billion reais set by the annual budget law for the central government, which includes Brazil’s Treasury, central bank, and Social Security.
($1 = 5.2186 reais)
(Reporting by Marcela Ayres; Editing by Leslie Adler)
