Brazil's Budget Deficit Narrowed in August

09/29/17 10:02 AM EDT

By Paulo Trevisani

 

SAO PAULO--Brazil's budget deficit narrowed to 8.98% of gross domestic product in August from a revised 9.27% of GDP in July, the country's central bank said Friday.

The so-called primary budget balance, which excludes interest payments and indicates the country's capacity to pay down debt, was 2.44% of GDP in August, down from a revised 2.64% in July, the bank said.

Brazil's gross debt rose to 73.7% of GDP in August, from a revised 73.1% of GDP in July.

 

Write to Paulo Trevisani at paulotrevisani@wsj.com

 

(END) Dow Jones Newswires

September 29, 2017 10:02 ET (14:02 GMT)

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