Brazil public debt rises to record 88.8% of GDP in August - central bank

Credit: REUTERS/PILAR OLIVARES

BRASILIA, Sept 30 (Reuters) - Brazil's national debt rose to a record 88.8% of gross domestic product in August and the public sector primary deficit in the 12 months to August widened to 8.5% of GDP, the central bank said on Wednesday.

The public sector deficit excluding interest payments was 87.6 billion reais ($15.5 billion) in August, the central bank said, less than the 95.3 billion reais shortfall forecast in a Reuters poll, and the nominal deficit was 121.9 billion reais, more than the expected 98.3 billion reais.

($1 = 5.6350 reais)

(Reporting by Marcela Ayres Writing by Jamie McGeever)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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