Brazil’s Government Registers Worst Deficit in 19 Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The federal government of Brazil registered the worst monthly primary deficit since 1997 in November, registering a negative account of R$21.28 billion, according to the country’s Treasury Department. In the accumulated total from January to November of 2015, the account registers a primary deficit of over R$54 billion, also the worst in 19 years.

According to the Treasury, Brazil’s social security system is responsible for the majority of the Subscribe to our Premium Membership Plan. Already Subscribed?