Brazil posted a primary budget deficit in 2015 of 111.25 billion Reais (roughly $27.29 billion), the biggest since the data series began in 2001, the Central Bank said on Friday. The primary budget deficit (before interest payments), equivalent to 1.88% of GDP, was more than triple the primary budget gap in 2014 (32.5 billion reais, or 0.57% of GDP).
President Dilma Rousseff’s opponents in the fractious Brazilian Democratic Movement Party (PMDB) are losing hope that they can impeach the leader and replace her with their man, Vice-President Michel Temer.
Brazilian President Dilma Rousseff began the new year on the offensive declaring the impeachment proceedings she faces as “unfair” and overruling by veto more than 50 amendments made by lawmakers to the nation’s budget, including reductions to her flagship Bolsa Familia social program.
Brazilian President Dilma Rousseff said on Tuesday that her opponents' bid to impeach her has no legal basis since there are no charges against her. At the opening of a metro station in the northeastern city of Salvador, Rousseff said a country cannot resort to impeachment just because it does not like its president, and said Brazil should focus on restoring economic growth and creating jobs.
An estimated 42% of Brazilian Lower House lawmakers (513) are prepared to support the impeachment of president Dilma Rousseff, which is equivalent to 215 votes. But the impeachment motion requires at least 342 votes, two thirds of the total number, which means supporters are still 127 votes short. These numbers belong to a Congress members survey from Datafolha, which was taken between December 7 and 18.
Brazil's Supreme Court gave a relief to embattled President Dilma Rousseff two victories on Thursday in rulings that improve her chances of blocking an impeachment bid by opponents seeking to oust the unpopular leader.
Brazil's attorney general went to the Supreme Court on Wednesday seeking to strip the leader of the House of Deputies of his seat. House Speaker Eduardo Cunha is the nemesis of embattled and unpopular President Dilma Rousseff — and earlier this month opened the door to begin impeachment proceedings against her.
Brazil's Supreme Court delayed until Thursday a crucial decision related to a procedural question in a case that could lead to President Dilma Rousseff's impeachment. The decision, originally scheduled for Wednesday, was postponed after the court ran out of time. Tomorrow we'll stay as long as necessary, said Chief Justice Ricardo Lewandowski.
The all powerful Sao Paulo Federation of Industries, FIESP, formalized on Tuesday its support to the impeachment process against Brazilian president Dilma Rousseff, thus becoming the first business corporation to publicly express such stance that could end with the removal of the head of state of Latin America's largest economy.
Brazilian federal police searched the home of lower house speaker Eduardo Cunha on Tuesday as part of a series of anti-graft raids against senior political figures, dealing a blow to the man who opened President Dilma Rousseff's impeachment proceedings.