Friday, October 30, 2009

Brazil Sept. Budget Deficit Widens to Nine-Month High (Update3) - Bloomberg.com

Brazil Sept. Budget Deficit Widens to Nine-Month High (Update3) - Bloomberg.com:
By Andre Soliani and Joshua Goodman

Oct. 30 (Bloomberg) -- Brazil’s budget deficit widened more than expected in September to a nine-month high as the government carried out its stimulus plan amid falling revenue.

The deficit, including the federal government, local governments and state companies, widened to 22.4 billion ($13 billion) from 8.16 billion reais in August, the central bank said in a report distributed today in Brasilia. Analysts expected a gap of 12 billion reais, according to the median of three forecasts in a Bloomberg survey. It was the widest gap for the month of September since the series started in 2001." [more...]