Brazil posts first August primary budget deficit in over ten years

Wednesday, October 2nd 2013 - 07:51 UTC

Full article 3 comments

Brazil posted its first primary budget deficit for the month of August in more than a decade, central bank data showed on Monday, pointing to a deterioration in the country's finances that is worrying investors and rating agencies. Read full article

Comments

Disclaimer & comment rules

Brasileiro
The debt falls because Brazil bought many cheap dollars and now sell with a profit margin stunning. Very clever. Reduces the debt and irrigates the economy with Real fresh and healthy. It's called “countercyclical economic policy”. Very different from the USA that irrigates the economy with more debt.
Oct 02nd, 2013 - 09:33 am - Link - Report abuse 0
-+
yankeeboy
The worm has turned. Brazil better start to batten down the hatches and stop with the overly generous subsidies.
Oct 02nd, 2013 - 12:03 pm - Link - Report abuse 0
-+
ChrisR
1 Brasileiro

BUT, what did it cost to hold these dollars in lost interest or not paying for useful projects like having doctors for everybody?

You look at things in a very, very, simple way.
Oct 02nd, 2013 - 05:10 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!