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

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 . . .

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