Brazil’s Government Forecasts Deficit in 2016 Budget

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – In yet another blow to Brazil’s ailing economy, Brazilian President Dilma Rousseff is expected to present the country’s 2016 budget with a forecast of a significant primary deficit, according to reports by the country’s major daily newspapers, O Globo, Folha de S. Paulo and Estado de S. Paulo. President Rousseff met with cabinet members on Sunday to finalize the 2016 Budget Bill that will be sent to Congress on Monday (August 31st) for approval.

After receiving harsh criticism, the government backed off the idea of reinstating a . . .

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