No menu items!

Congress in Brazil Expected to Approve New Primary Deficit

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The interim government of Brazil estimates that the primary budget deficit will reach R$170.5 billion in 2016, approximately 2.5 percent of the country’s GDP. The new estimate is a jarring 76.4 percent higher than the R$96.7 billion deficit estimated in March by the Rousseff Administration.

According to Brazil's new Finance Minister, Henrique Meirelles, the Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content