BRASILIA (Reuters) -Brazil’s central government posted a primary budget deficit of 59.124 billion reais ($10.9 billion) in July, Treasury data showed on Thursday.
The 12-month deficit reached 34.1 billion reais, equivalent to 0.3% of gross domestic product, the data showed. The government’s official target for 2025 is of a zero deficit, with a tolerance band of 0.25% of GDP in either direction.
($1 = 5.4212 reais)
(Reporting by Bernardo Caram in Brasilia and Andre Romani in Sao Paulo; Editing by Leslie Adler)
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