By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The interim government of Brazil estimates that the primary budget deficit will reach R$170.5 billion in 2016, approximately 2.5 percent of the country’s GDP. The new estimate is a jarring 76.4 percent higher than the R$96.7 billion deficit estimated in March by the Rousseff Administration.
According to Brazil's new Finance Minister, Henrique Meirelles, the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here