Brazil reported its largest budget deficit on record last year, underscoring the Latin American country’s struggles to cope with falling tax revenue as the commodity boom ends.
The budget gap surged to 613 billion reais ($151 billion), or 10.34 percent of gross domestic product, the highest since at least 1997. The same measure before interest payments was 111 billion reais in 2015, or 1.88 percent of GDP, the central bank said Friday. Early last year the government had targeted a so-called primary surplus of 1.1 percent of GDP.
Brazil Energy Insight 
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