Brazil Registers Worst 6-Month Primary Deficit in History

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The increase in earmarked expenditures and the significant decrease in revenues led Brazil’s federal government to register the worst primary deficit of its history during the first semester of 2016. In the first six months of the year the primary deficit totaled R$32.52 billion compared to a deficit of R$1.76 billion during the same period last year, according to Brazil’s Treasury Department.

"This result indicates the great challenge we have to meet to balance our public accounts, which is necessary for the recovery of . . .

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