Brazil Government Claims Ability to Eliminate Country’s Primary Deficit by 2022

The deficit could be wiped out entirely by the end of 2022, bringing almost a decade of budget shortfalls to an end.

RIO DE JANEIRO, BRAZIL - (Reuters) The Brazilian government’s interest payment bill on the national debt could fall by R$417 (US$100) billion over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday, January 23rd.

The fall to a record low 4.5 percent in the central bank’s benchmark interest rate since the middle of last year accounts for the interest savings, and the public finances could be even stronger if economic reforms accelerate growth further, said . . .

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