Brazil's high budget deficit is not sustainable -Levy
SAO PAULO Feb 23 (Reuters) - Brazil's overall budget deficit of nearly 7 percent of its gross domestic product is not sustainable, Finance Minister Joaquim Levy said on Monday.
Speaking to investors in Sao Paulo, Levy said a decline in the country's public debt tends to favor private financing and that the government needs to find financing alternatives beyond state development bank BNDES.
(Reporting by Marcela Ayres; Writing by Alonso Soto)
© Thomson Reuters 2016 All rights reserved.