Brazil's budget deficit tops expectations in May

miércoles 29 de junio de 2016 09:36 GYT

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)