Brazil Registers Highest Primary Deficit Since 2001

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The result of the 2015 primary deficit for Brazil’s federal, state and municipal governments together, closed last year at R$111.249 billion the worst deficit since 2001, representing 1.88 percent of the country’s GDP. The results, released by the Central Bank show that last year was the second consecutive year for negative annual results for the country.

The reduction of revenues from taxes, due to . . .

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