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Tag: Spending

By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - On Tuesday, November 15th, the International Monetary Fund’s (IMF) executive board released its annual report indicating that Brazil is close to exiting from a deep recession that has gripped the...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - In a vote that began Monday (October 10th) morning and lasted into the early morning hours of Tuesday (October 11th), Brazil’s House of Representatives have agreed on the Proposed Amendment...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Last minute talks and negotiations were made this weekend in Brazil’s capital, Brasilia, as the government of President Michel Temer tries to guarantee that the Chamber of Deputies will vote...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Foreign visitors coming to Rio de Janeiro to attend the Olympic will add an extra US$200 million in revenues to the country in August, according to the latest data from...
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 RIO DE JANEIRO, BRAZIL – Facing one of the worst economic crises in its history, the Rio de Janeiro state government announced Thursday a series of decrees to curb expenditure. Among the actions is...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The new finance minister, Henrique de Campos Meirelles, said today (May 13th) that the most important measure to be taken by the Ministry of Finance will be to contain the...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The sales figures from the supermarket sector fell by 1.61 percent in February compared to January of this year, but reflects an increase of 2.92 percent compared to February 2015,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The deteriorating economic situation in the country led many Brazilians to reduce their spending abroad in January, a traditional holiday month for Brazilian families. According to the Central Bank (CB)...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government in Brazil is expected to start announcing measures today (Friday, September 11th), to cut expenses so that it may reduce the deficit forecast for the 2016 budget, said...
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