Brazil's budget deficit tops expectations in May
BRASILIA, June 29 (Reuters) - Brazil posted a primary budget deficit of 18.125 billion reais ($5.57 billion) in May, central bank data showed on Wednesday, the largest ever for the month of May as the government faces an uphill battle to close what could be a record shortfall this year.
The deficit was above market expectations for a gap of 17.3 billion reais and came after a surplus of 10.182 billion reais in April.
($1 = 3.2568 Brazilian reais) (Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by Chizu Nomiyama)
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