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Tag: Federal Government

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The consolidated public sector in Brazil (federal, state, municipal and state-owned companies) registered a primary deficit of R$155.8 billion in 2016 according to the country’s Central Bank (CB). The deficit...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (January 26th) the state of Rio de Janeiro signed a term of commitment to receive financial relief from the federal government. To remedy a deficit that should reach R$26,132...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Rio de Janeiro’s already critical financial situation suffered another blow on Monday, November 7th, with the news that the federal government was freezing all of the state government’s bank accounts until...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Summer is around the corner in Brazil and with the hot weather comes mosquitos and possible diseases. Although Brazilian health officials have stated that they do not expect a surge...
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,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Rio de Janeiro officials, rushing to get everything ready for the 2016 Olympics in August received bad news yesterday from the federal government. The loan to finish the construction of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The federal government in Brazil announced R$2.9 billion-worth in financial aid to Rio de Janeiro to help the state put on the 2016 Olympic and Paralympic Games. According to officials...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of interim President Michel Temer, announced on Friday its plans to do away with more than 4,300 commissioned positions in the federal government with the objective of reducing...
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...

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