Tag: Henrique Meirelles

• Thursday, November 24th 2016 - 16:09 UTC

  Brazilian cash-strapped states agree to back structural reform in exchange for financial aid

  

  Brazil's federal government reached a deal to help cash-strapped states with their fiscal woes in exchange for support from governors on deeper structural reforms including pension reform and the capping of public employee salaries.

• Tuesday, November 22nd 2016 - 13:38 UTC

  Fiscal vulnerability of Brazilian economy exposed at a business conference

  

  Brazilian President Michel Temer warned on Monday that the national debt could swell to the size of the country's gross domestic product within eight years should public spending not be brought under control and fiscal reforms not enacted.

• Tuesday, November 22nd 2016 - 09:00 UTC

  Santander bank confident of Brazil's “rapid recovery”

  

  President Michel Temer met on Monday with Banco Santander chairman Ana Botin, who expressed the Spanish banking giant's confidence in Brazil's economic future despite the current downturn being experienced by Latin America's largest economy.

• Tuesday, November 1st 2016 - 07:57 UTC

  Meirelles insists in overhaul of social security rules to restore public finance order in Brazil

  

  Brazil must push ahead with reforms, including a proposed cap on government spending and an overhaul of social security rules, to restore long-term order to public finances in Latin America's biggest economy, according to the country's finance minister.

• Tuesday, October 11th 2016 - 08:49 UTC

  Month to month inflation in Brazil during September was the lowest since 1998

  

  Brazil's inflation continued its slow fall in September in a positive sign for the new government as it wrestles to end the worst recession in nearly a century. The 12 month rate fell to 8.48%, down from 8.97% August hitting its lowest level for the month since 1998.

• Tuesday, September 6th 2016 - 17:17 UTC

  Meirelles invites foreign investors to take advantage of US$ 269bn opportunities

  

  Brazil's economy could grow 2.5% in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said at a seminar in Shanghai.

• Tuesday, July 26th 2016 - 21:51 UTC

  Meirelles insists on a cap for government spending, if not taxes will have to rise

  

  Brazil's Finance Minister Henrique Meirelles has warned that if Congress does not approve a ceiling for public spending, the country will have chosen a most cumbersome path with new rounds of tax increases and higher interest rates which will further delay sustainable growth.

• Tuesday, June 21st 2016 - 07:55 UTC

  Interim president Temer announces grace period for Brazilian states debts

  

  Brazilian states will get a six-month grace period on debts with the federal government, followed by a year and a half of reduced payments, interim President Michel Temer announced.

• Friday, June 17th 2016 - 00:13 UTC

  Meirelles sponsors constitutional amendment to cap public spending increases

  

  The government of Brazil’s interim president Michel Temer said on Wednesday it would propose to lawmakers a constitutional amendment to cap public spending increases for at least 10 years.

• 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.