Federal Government Accounts End 2019 with R$95 Billion Shortfall

The result is better than in 2018, when the balance was negative R$120 billion, but is far from Guedes' pledge to zero the deficit in the first year of Bolsonaro's administration.

RIO DE JANEIRO, BRAZIL - Under the leadership of Economy Minister Paulo Guedes, the federal government's accounts ended 2019 with a shortfall of R$95 billion (US$24 billion). This was the sixth consecutive year of Subscribe to our Premium Membership Plan. Already Subscribed?