By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The federal government of Brazil registered the worst monthly primary deficit since 1997 in November, registering a negative account of R$21.28 billion, according to the country’s Treasury Department. In the accumulated total from January to November of 2015, the account registers a primary deficit of over R$54 billion, also the worst in 19 years.

According to the Treasury, Brazil’s social security system is responsible for the majority of the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here