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Brazil Central Government Posts Record May Deficit

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Brazil's central government in May posted its widest-ever primary budget deficit for that month, a surprise shortfall that raises further doubts about whether President Dilma Rousseff can meet a key fiscal savings goal this year.

The central government, which includes results from federal ministries, the central bank and social security, posted a primary deficit of 10.502 billion reais (2.80 billion pounds) in May, the country's Treasury said on Friday.

There was a surplus of 16.6 billion reais in April due to a surge in extraordinary revenues stemming from state companies' dividends and concession premiums.

Amateurs that's not deficit spending, they should look at how the professionals do it. Totally inadequate.

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