Brazil presents 2016 budget and Real drops to a 12-year low against the dollar

Tuesday, September 1st 2015 - 06:36 UTC

Full article 3 comments

Brazil's government presented a 2016 budget Monday that for the first time projects the world's seventh largest economy operating in the red, sparking worries that the country's investment grade rating will be put at risk. Read full article

Comments

Disclaimer & comment rules

Tik Tok
The idiot socialists do nothing substantial to make Brazil more efficient with tax reform and bureaucracy minimization. Then they put their fat fingers in the cookie jar and feed from the trough too.
Sep 01st, 2015 - 02:30 pm - Link - Report abuse 0
-+
Jack Bauer
The PT backed Government still thinks it can get out of the recession by raising taxes and not cutting its own expenses... Just digging the hole deeper. As to the predicted drop in GNP and the increase in inflation, am pretty confident the figures are still going to get worse.
Sep 01st, 2015 - 05:09 pm - Link - Report abuse 0
-+
ChrisR
@ 2 Jack Bauer
“I...am pretty confident the figures are still going to get worse.”

Agree totally.
Sep 01st, 2015 - 06:44 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!