Tag: Waldery Rodrigues,

• Friday, July 3rd 2020 - 08:50 UTC

  Brazil admits a budget deficit of 11,5% of GDP; ten years before public debt falls to 2019 level

  

  Brazil’s government on Thursday revised its 2020 fiscal outlook, forecasting significantly higher debt and wider deficits due to the COVID-19 crisis, and said it will be over a decade before public debt falls back to last year’s level.

• Tuesday, September 24th 2019 - 07:53 UTC

  With revenue increasing Brazil unlocks budget funds for education and defense

  

  Brazil’s government will free up 12.5 billion reais (US$3 billion) for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.