Brazil Expected to Register Negative Fiscal Results in 2017

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 of a zero primary surplus, but after a wage increase for all federal employees was announced earlier this month, the outlook is more grim.

"It will not be possible to fulfill what was in the LDO (Budget Bill), which was a zero target. We will have negative results, for sure, " said Planning Minister, Dyogo Oliveira before the Joint Budget Committee . . .

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