Brazil's fiscal deficit in December, a challenge for Bolsonaro and the new Congress

Friday, February 1st 2019 - 11:10 UTC

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The Brazilian government posted a fiscal deficit of 41.13 billion reais (US$ 11.27 billion) in December, the third widest monthly deficit on record, the central bank said on Thursday. While it was in line with forecasts and amplified by seasonal factors, the shortfall highlights the challenge of exerting tighter control over the country's finances which new President Jair Bolsonaro has said is one of his top priorities. Read full article

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:o))
So why WASTE more capital:
http://en.mercopress.com/2019/02/02/petrobras-begins-development-of-massive-offshore-field-brazil-targets-7.5m-bpd-in-a-decade
Feb 02nd, 2019 - 11:53 am - Link - Report abuse 0
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