Tags Primary deficit

Tag: primary deficit

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The consolidated public sector in Brazil (federal, state, municipal and state-owned companies) registered a primary deficit of R$155.8 billion in 2016 according to the country’s Central Bank (CB). The deficit...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The increase in earmarked expenditures and the significant decrease in revenues led Brazil’s federal government to register the worst primary deficit of its history during the first semester of 2016....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil announced on Thursday (July 7th) the forecast for the 2017 primary deficit for the federal, state and city governments at R$143.1 billion. According to the forecast,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wednesday registered another day of optimism in the Brazilian financial market, with the stock market rising and the U.S. dollar depreciating against the local currency once again. The Brazilian bourse...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Government officials in Brazil admitted on Thursday that it will be very difficult not to register a negative fiscal target in 2017. The previous forecast for next year was that...
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...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government’s economic team announced this week that they are asking Congress to approve an alteration of the Budget Law for 2016 which would allow the Union to...
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...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The result of the 2015 primary deficit for Brazil’s federal, state and municipal governments together, closed last year at R$111.249 billion the worst deficit since 2001, representing 1.88 percent of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The slowdown of Brazil’s economy this year has deeply affected the government’s tax revenues and federal contributions. In October, according to Brazil’s Federal Revenue Office revenues from taxes and federal...
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