LatAm Daily | Further fiscal deterioration in Brazil
Published on Wednesday, October 28, 2015
LatAm Daily | Further fiscal deterioration in Brazil
The government eased its 2015 fiscal target due to lower than expected public revenues, problems in cutting expenditure and the decision of its court of audit to reverse certain creative accounting practices. As a result, the public sector could post a primary deficit of up to 1.7% of GDP. The decision could trigger a sooner than expected second downgrade to high-yield.
Documents to download
-
Authors
Geographies
- Geography Tags
- Latin America
- Brazil
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Was this information useful?
You may also be interested in