Brazil 2021 primary deficit forecast lowered to $17.1 bln - ministry

The Brazilian government's primary deficit will be 95.8 billion reais ($17.1 billion) at the end of this year, down from an earlier forecast of 139.4 billion reais, thanks to stronger-than-expected tax collection, the Economy Ministry said on Monday.

That will mean a lower deficit of 1.1% of GDP, down from 1.6% calculated previously, according to the ministry's latest report on revenues and spending. The new numbers are based mainly on prospects of higher tax collection, which will increase by an estimated 47.7 billion reais to 1.56 trillion reais in 2021, the ministry said.

Expenditures will be 4.1 billion reais higher than estimated previously, rising to 1.65 trillion reais for the year. ($1 = 5.5890 reais)

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