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MercoPress, en Español

Montevideo, November 22nd 2024 - 04:38 UTC

Tag: Brazilean fiscal year

  • Saturday, January 4th 2014 - 04:38 UTC

    Mantega releases crucial data to calm market anxiety about Brazil's accounts

    The minister is off on holidays Monday but just in case the announcements “will help to calm nerves”

    Brazil's Finance Minister Guido Mantega insisted on Friday that the government is keeping spending under control as he sought to calm anxiety about the deterioration of the government's accounts. The minister said the primary budget surplus, (excess of revenue over expenditure before debt payments) would be above the goal of 73 billion Brazilian Reais for 2013 (30.5bn dollars), equivalent to about 1.5% of gross domestic product.