The market forecast for the Brazilian primary deficit in 2017 decreased to R$ 158.43 billion, from R$ 159 billion, according to the most recent Ministry of Finance's survey on the issue.

For 2018, the primary deficit estimate also dropped to R$ 155.6 billion, from R$ 156.3 billion in the survey.

Recently, the Brazilian government claimed a frustration in revenues to increase its fiscal target for this year and the next to R$ 159 billion in each one. Before the revision of the fiscal targets, on August 15, the primary deficit target was at R$ 139 billion for 2017 and R$ 129 billion for 2018.

The material has been provided by InstaForex Company – www.instaforex.com

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