Agence France-PresseJanuary 31, 2014 13:46
Brazil's fiscal deficit rose to 3.28 percent of the country's GDP last year, the highest level in four years, the Central Bank said Friday.
That was sharply up from 2.39 percent in 2012, as economic growth in Latin America's largest economy continued to slump despite government efforts to stimulate it.
The deficit reached 157.5 billion reais ($65 billion) in 2013, nearly one third more than in the previous years.
Meanwhile the primary fiscal surplus -- the balance before interest payments on debt -- fell to its lowest level in four years, to 91.3 billion reais.