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Brazil May Fall Short of Achieving Fiscal Targets in 2024

As 2024 unfolds, Brazil confronts a significant fiscal challenge, with the federal audit court projecting a primary deficit of 55.3 billion reais, casting doubt on President Luiz Inacio Lula da Silva's promise to eliminate the fiscal deficit.

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Brazil unlikely to meet 2024 fiscal goals, audit court says

Brazil unlikely to meet 2024 fiscal goals, audit court says
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Brazil unlikely to meet 2024 fiscal goals, audit court says

Brazil should end 2024 with a primary deficit of 55.3 billion reais ($11.2 billion), the federal audit court (TCU) said, in the latest sign of skepticism that President Luiz Inacio Lula da Silva's government can meet its pledge to eliminate the fiscal deficit. After Lula upped spending on social measures in his first full year in office, the market is worried his administration won't meet its fiscal goals. Despite falling interest rates, long-term future interest rates remain high, underlining market discomfort with the government's fiscal situation.

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Brazil unlikely to meet 2024 fiscal goals, audit court says

BRASILIA, Jan 18 -
Brazil should end 2024 with a primary deficit of 55.3
billion reais , the federal audit court
said, in the latest sign of skepticism that President...
-January 18, 2024 at 03:41 pm EST
- MarketScreener

Brazil , Brasilia , Distrito-federal , Luiz-inacio-lula , Marcela-ayres , Simone-tebet , Marcus-pestana , Nick-zieminski , Senate-independent-fiscal-institution , Reuters , President-luiz-inacio-lula , Minister-simone-tebet

Brazil's $10 Billion Drive for South American Infrastructure and Trade

Brazil's government is mobilizing a massive $10 billion initiative, leveraging global banks' funds to bolster infrastructure projects to enhance South American integration and streamline trade routes to Asia.

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Lula Seeks to Spend More, Close Budget Gap With Taxes

(Bloomberg) -- President Luiz Inacio Lula da Silva unveiled his 2024 budget proposal, promising to eliminate Brazil’s growing fiscal deficit through a number of new taxes that still require approval from lawmakers. Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireFake Spare Parts Were Supplied to Fix Top-Selling Jet Eng

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Lula Seeks to Spend More, Close Budget Gap With Taxes in 2024

Lula Seeks to Spend More, Close Budget Gap With Taxes in 2024
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Brazil economic team supports interest rate cut of more than 25bps

Brazil economic team supports interest rate cut of more than 25bps
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Brazil's Senate approves government's new fiscal rules

Brazil's Senate approves government's new fiscal rules
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Brazil , United-states , Brasilia , Distrito-federal , Brazilian , American , Sandra-maler , Omar-aziz , Chris-reese , Ricardo-brito , David-gregorio , Simone-tebet

Brazil lifts 2023 growth outlook thanks to booming farm sector

BRASILIA (Reuters) - Brazil's economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. | Jun. 01

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