Brazil’s Public Accounts Down, Lower Primary Surplus Target

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The consolidated public sector accounts in Brazil registered the worst primary deficit result for the month of November since 2001, with a deficit of R$8.1 billion, announced Brazil’s Central Bank (CB) on Monday, December 29th. At the beginning of December the country’s primary surplus target for this year was revised to R$10 billion, from the original 2014 primary surplus target, which had been of a little over R$80 billion.

Treasury Secretary, Arno Augustin, speaking to members of Congress’ Mixed Budget Commission on December 18th . . .

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