Brazil Budget Shortall Narrows in January

02/28/18 01:00 PM EST

By Paulo Trevisani


SAO PAULO--Brazil's budget shortall narrowed in January, the central bank said Wednesday, as the country struggles to overcome a historic recession.

The 12-month deficit was 7.49% of gross domestic product, narrower than the 7.80% of GDP shortfall recorded in December.

The so-called primary budget result, which excludes interest payments, was a deficit of 1.53% of GDP in the 12-month period through January, compared with a deficit of 1.69% of GDP in the year ended in December.

Brazil's gross debt was at 74.5% of GDP in January, up from 74% of GDP in December.


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(END) Dow Jones Newswires

February 28, 2018 13:00 ET (18:00 GMT)

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