Tags Budget cuts

Tag: budget cuts

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A little over a month after the Brazilian government announced its was reducing the federal budget, the Rousseff administration says that the February expenditure reduction will not be sufficient to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced on Friday it was cutting federal spending by R$23.4 billion (almost US$6 billion) in the 2016 budget as the country faces one of the largest recession...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The decline in federal revenues due to the weakening Brazilian economy led the country’s economic team to announce the reduction of the primary surplus from 1.1 percent this year to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The R$69.9 billion budget cuts announced by Brazil’s government on Friday was received with mixed feelings by Congressional representatives, who are debating this week whether to authorize the fiscal adjustments...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced this past week it would be increasing financial institutions’ taxes over net profits from fifteen percent to twenty percent, hoping to raise an additional R$3-4 billion...
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