Brazil's primary deficit surges to 111 bln reais in 2015
BRASILIA Jan 29 (Reuters) - Brazil's primary budget deficit ballooned to 111.249 billion reais ($27.4 billion) in 2015, central bank data showed on Friday, the largest annual shortfall ever, reflecting the depth of a fiscal crisis in Latin America's biggest economy.
The country posted a primary deficit of 71.729 billion reais ($17.6 billion) in December, above market expectations for a gap of 65.15 billion reais. The primary balance, or revenues after expenditures excluding debt interest payments, is a key gauge of a country's financial health.
($1 = 4.0665 reais) (Reporting by Alonso Soto and Marcela Ayres; Writing by Silvio Cascione)
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