Meirelles unveils a dark picture of Brazil's finances and insists of pensions reform

Thursday, May 19th 2016 - 11:57 UTC

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Brazil's fiscal deficit prior to debt interest payments could reach 150 billion Reais (US$42.10 billion) this year as revenues collapse amid a crippling recession economy, Finance Minister Henrique Meirelles warned on Wednesday. The deficit includes eventual losses from state electricity holding Eletrobras. Read full article

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May be the First Victims are the pensioners. Who is the next in the queue? And what about the innumerable “Fantom” Govt. Employees?
May 23rd, 2016 - 10:46 am - Link - Report abuse 0
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