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Rousseff says Brazil will try to get out of first budget deficit

Brazilian President Dilma Rousseff's government delivered the proposed budget to Congress predicting a primary deficit amounting to 0.5 percent of GDP, or 30.5 billion reais ($8.4 billion)Brasília (AFP) – After presenting Brazil’s first ever budget deficit, President Dilma Rousseff promised Wednesday that her government will work hard to get back in the black. Rousseff’s government delivered the proposed budget to Congress Monday predicting a primary deficit amounting to 0.5 percent of GDP, or 30.5 billion reais ($8.4 billion). This was the first time a Brazilian government has unveiled a plan that would mean government spending outstrips revenue.

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