Brazil`s deficit jumped in November to one of the highest levels on record as state finances came under increasing strain amid a deep recession.
The public sector deficit - the difference between what the government spends and what it receives in revenues - rose to 19.6bn reais ($5.1bn).
This was worse than expected and much higher than October`s 11.5bn reais.
The government is struggling to increase tax revenues as the economy continues to shrink.
Between July and September, the economy contracted by 1.7% compared with the previous quarter, deepening the country`s worst recession in 25 years.
The economy has shrunk in all but one of the last six quarters.
Unemployment has risen sharply this year and now stands at 7.5%, putting a further strain on government finances.
Inflation is also running at more than 10%, undermining the value of Brazilians` savings and their ability to spend.
Brazil`s economy has been hit hard by a slowdown in global demand - particularly in China - for its commodities, while a corruption scandal centred on state oil giant Petrobras has severely damaged investor confidence.
- Prada seeks younger customers in bid for growth
- Lotte vice chairman Lee In-won found dead
- German business confidence falls post-Brexit, says Ifo
- Tesla touts speed and driving range with new upgraded battery
- Stocks creep up amid Fed limbo, dollar dips leftright 22leftright 12leftright
- China Crinkles Aluminum Foil Makers
- Cisco to lay off about 14,000 employees: tech news site CRN leftright 22leftright
- UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes - but US poses biggest risk to global growth
- Fuel prices push up UK inflation rate to 0.6%
- Humidity 47%
- Winds 0 kph