Rousseff admits massive budget deficit this year; estimates are of 9% of GDP

Friday, October 23rd 2015 - 08:30 UTC

Full article 6 comments

Brazil has given up on its goal of seeking a primary budget surplus this year and instead will record a massive shortfall as a deepening economic and political crisis drags on revenues, presidential chief of staff Jaques Wagner said on Thursday. Brazil's overall budget deficit has soared to 9% of GDP, according to estimates. Read full article

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ChrisR
I told you!

And forget DumbAss Dilma 'standing by' an 0.7% surplus next year: good luck with that.
Oct 23rd, 2015 - 07:01 pm - Link - Report abuse 0
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Jack Bauer
If only Dilma were to hire brasshole to be her Financial Minister....he has all the answers....
Oct 23rd, 2015 - 07:17 pm - Link - Report abuse 0
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Tik Tok
Maybe Dilma could create a special Ministry for Brasshole - Minister of Bullshit
Oct 24th, 2015 - 05:31 am - Link - Report abuse 0
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Brasileiro
All caused by an interest rate of 14.25% per year. Some complain of Bolsa Familia, I complain of this absurd interest rate. 300 billion reais is the amount the national treasury will pay interest on the loan sharks this year.

The Bolsa Familia will cost 27 billion.
Oct 24th, 2015 - 02:05 pm - Link - Report abuse 0
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Jack Bauer
@4 brasshole
Interest rate of 14,25 % a year......a decision taken by the Central Bank, subordinate to whom ? The Federal Government. Presided by whom ? fatty Dilma . And with this interest rate and the Federal Government's public debt of R$ 2,73 Trillion, the tax payer has to fork out over R$ 400 billion in interest per year.....to the loan sharks....who are ? mainly the Brazilian banks, that the PT governments have always favoured......and the government has the nerve to talk about the currently forecasted deficit of R$ 50 to 60 billion in 2016, as if THIS were the problem ??? They have lost control, it's all their own doing, who ever pointed a gun at Dilma's head - or Lula's for that matter - and forced them to overspend Brazil to a point of no return ?? Brasshole, think about it.
Oct 26th, 2015 - 09:38 pm - Link - Report abuse 0
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Tik Tok
Brasshole the interest rate got so high to try and contain the inflation getting out of control and that was caused by ridiculous Government policy. God you're a twat.
Oct 27th, 2015 - 02:02 am - Link - Report abuse 0
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