Brazil’s Primary Deficit to End Year Below R$80 Billion, Guedes Says

The outcome for 2020 should also be better than the target.

RIO DE JANEIRO, BRAZIL - The inflow of extraordinary income, mainly in the second semester, will lead the central government - National Treasury, Social Welfare and Central Bank - to end 2019 with a primary deficit of R$80 billion (US$20 billion), announced the Minister of Economy, Paulo Guedes, in a press conference at the Planalto Palace in Brasília, yesterday, November 18th.

However, the target for the year will be maintained at R$139 billion, almost double . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?