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Brazil Unlikely to Meet Primary Surplus Target in 2016

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Brazilian government is expected to announce this week a significant cut in the 2016 budget to try to balance public accounts. According to economists however, the reduction is not likely be sufficient for the government to meet its target of a primary surplus of 0.5 percent of the GDP, equivalent to R$30.5 billion, this year.

Instead, financial institutions surveyed by Brazil’s Central Bank in its weekly Subscribe to our Premium Membership Plan. Already Subscribed?

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