Tag: Bruno Funchal

• Saturday, January 30th 2021 - 09:34 UTC

  One for Bolsonaro: Brazil almost broke; primary deficit reaches 10% of GDP

  

  Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.