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Tag: primary surplus

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Celebrating a positive primary surplus recorded in January, Brazilian President Jair Bolsonaro said Monday that the country is resuming its growth trajectory. While the central government's surplus (federal government,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The federal government of Brazil announced on Thursday it posted the third largest primary surplus in history for month of January, last month. According to officials the central government registered...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Government officials in Brazil admitted on Thursday that it will be very difficult not to register a negative fiscal target in 2017. The previous forecast for next year was that...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government’s economic team announced this week that they are asking Congress to approve an alteration of the Budget Law for 2016 which would allow the Union to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced on Friday it was cutting federal spending by R$23.4 billion (almost US$6 billion) in the 2016 budget as the country faces one of the largest recession...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government is expected to announce this week a significant cut in the 2016 budget to try to balance public accounts. According to economists however, the reduction is not...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After weeks of uncertainty, Brazil’s Congress finally approved a bill to change the government’s fiscal target, which is now a deficit of R$119.9 billion for 2015. According to Brazil’s Planning,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The decline in federal revenues due to the weakening Brazilian economy led the country’s economic team to announce the reduction of the primary surplus from 1.1 percent this year to...

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