Brazil posts primary budget deficit of 12.8 bln reais in July

miércoles 31 de agosto de 2016 09:37 GYT

BRASILIA Aug 31 (Reuters) - Brazil posted a primary budget deficit of 12.816 billion reais ($3.97 billion) in July, central bank data showed on Wednesday, a much smaller shortfall than expected by the market.

The monthly deficit is the sixth so far this year in a testament to the challenges the government faces to meet its fiscal goal. The market had expected a deficit of 20 billion reais for July.

($1 = 3.2271 Brazilian reais) (Reporting by Marcela Ayres; Writing by Alonso Soto; Editing by Chizu Nomiyama)