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UPDATE 1-Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister

UPDATE 1-Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister
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Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister

Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister
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UPDATE 1-Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister

UPDATE 1-Brazil 2021 budget impasse to be resolved 'well before' April 22 deadline -economy minister
Reuters
1 hr ago
(Adds quotes, background)
By Jamie McGeever and Gabriel Ponte
BRASILIA, April 5 (Reuters) - Brazilian Economy Minister Paulo Guedes said on Monday he expected the impasse surrounding this year's federal budget to be resolved "well before" the official April 22 deadline, and dismissed the recent controversy surrounding it as noise.
The 1.5 trillion reais ($264 billion) budget was approved by Congress last month but not signed off on by President Jair Bolsonaro. It is now being revised after it emerged it could break one of the government's key fiscal rules.

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UPDATE 1-Brazil Treasury warns spending cap is under threat, urges budget rethink

UPDATE 1-Brazil Treasury warns spending cap is under threat, urges budget rethink
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UPDATE 1-Brazil's COVID-19 spending may not have to meet key budget rule

UPDATE 1-Brazil's COVID-19 spending may not have to meet key budget rule
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Brazil expected to see 10 more years of primary deficit and high risk of breaching spending cap from 2025, says IFI

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RIO DE JANEIRO, BRAZIL - Brazil is not expected to register a primary surplus over the next decade and may see its gross debt exceed 100% of GDP until 2030 - much higher than other emerging countries. The assessment comes from the Independent Fiscal Institution (IFI), linked to the Federal Senate, which in its base scenario points to a sequence of at least 17 years of unbalanced accounts.
According to the institution's forecast, the central government's gross debt should close the decade at 103.4% of GDP. The base scenario considers a growth rate of 3.0% in 2021 - against . . .
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Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation

Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation
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Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation - source

The coronavirus disease (COVID-19) pandemic, in Rio de Janeiro
BRASILIA (Reuters) – Brazil faces a 35 billion reais ($7 bln) hole in its 2021 budget due to emergency aid payments being held over to next year and welfare benefits indexed to a higher inflation rate than anticipated, a source on the government’s economy team said.
The actual figure has not been determined yet because this year’s emergency expenditures to tackle the COVID-19 crisis have not been fully tallied. But it will put additional pressure on an already critical fiscal situation, according to the source, who asked not to be identified because the projection has not been made public.

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Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation – source

Brazil faces $7 billion hole in 2021 budget from emergency aid, inflation – source
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