Brazil Predicts 2017 Primary Deficit of R$143.1 Billion

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The government of Brazil announced on Thursday (July 7th) the forecast for the 2017 primary deficit for the federal, state and city governments at R$143.1 billion. According to the forecast, next year will see a reduction of the primary deficit by almost R$27 billion from this year’s expected results.

To reach the primary deficit forecast for next year, however, the government says it will need to cut expenses . . .

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