Tag: Brazilean fiscal deficit

• Monday, June 13th 2016 - 07:44 UTC

  Brazil's fiscal accounts “worse than ever imagined” confesses Temer

  

  Brazil's fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country's new economic team, acting President Michel Temer said.

• Tuesday, May 24th 2016 - 05:16 UTC

  Meirelles on Tuesday will announce spending cuts to contain a huge fiscal deficit

  

  Brazil's government on Tuesday will announce spending curbs and other measures to reduce its rising debt burden and contain a fiscal deficit as it seeks to regain the confidence of investors, Finance Minister Henrique Meirelles said.

• Wednesday, December 31st 2014 - 05:31 UTC

  Brazil limits social benefits; admits it will miss 2014 fiscal target by wide margin

  

  The Brazilian government announced it will limit unemployment and pension benefits as part of its plans to shore up depleted finances and regain investor confidence. Likewise the Central bank said that following a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin.