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51 results for “deficit”
Small Business Tax Cuts Stir Brazil Deficit Fears Before Runoff
Brazil's Congress has fast-tracked a multi-billion-dollar tax relief bill for micro-entrepreneurs, raising fiscal deficit concerns just days before the presidential election.
Brazil Supreme Court Rules Against Government in R$16.5 Billion Tax Battle
The Brazil Supreme Court ruled 7-to-4 to exclude state-level ICMS tax credits from federal taxes, dealing a R$16.5 billion blow to fiscal consolidation.
Brazil Budget Trap Awaiting the Winner of the 2026 Election
Brazil's next president will face severe fiscal constraints in 2027, with over 90% of the federal budget legally locked into mandatory spending.
Brazil's Debt Reaches 82.5% of GDP, Setting Fiscal Crisis for Next President
Brazil's public debt hit 82.5% of GDP in July 2026, driven by a massive nominal deficit of 9.34%, placing fiscal discipline at the center of the post-election agenda.
Brazil Federal State-Owned Firms Post Record August Surplus, But Accumulated Deficit Reaches Historical Worst
Brazil's federal state-owned enterprises recorded a record R$1.759 billion surplus in August, their first of 2026, yet the accumulated deficit hit an all-time high of R$6.52 billion.
Brazil’s Gross Public Debt Hits Near Five-Year High, Driven by High Interest Costs
Brazil's gross public debt climbed to 82.9% of GDP in August, the highest level since late 2021, driven by high debt-servicing costs despite a better-than-expected primary deficit.
Brazil's Widened 2026 Fiscal Deficit Projection Revives Market Uncertainty Ahead of October Election
Brazil's government widened its 2026 primary deficit forecast, triggering market concern over fiscal targets before the October 4 presidential vote.
Brazil’s Central Government Posts R$ 13.6 Billion August Deficit, Challenging Fiscal Goals
Brazil's federal accounts registered a R$ 13.6 billion primary deficit in August, underscoring the government’s ongoing fiscal challenge ahead of the election.
Brazil’s Central Government Primary Deficit Hits Five-Year Best for August
Brazil’s central government recorded a better-than-expected primary deficit of R$ 13.6 billion in August, driven by record tax revenue.
Fiscal Crisis Threatens Brazil’s Recovery as Ex-Central Banker Warns of ‘42-Degree Fever’
Former Central Bank President Arminio Fraga says Brazil needs urgent fiscal adjustment amid tight election race.
Brazil Finance Minister Durigan Defends Fiscal Framework Days Before Pivotal Election
Finance Minister Dario Durigan published an op-ed to reassure global investors of Brazil’s fiscal commitment ahead of the October 4 presidential vote.
Brazil's Rising Fiscal Deficit to Fund Welfare Hike Tests Fiscal Rule Credibility
Brazil’s government raised its 2026 fiscal deficit projection to R$67.3 billion to fund a social welfare hike, pushing the result to the limit of its spending rule.
Brazil Central Bank Cuts 2026 GDP Forecast After Lula Boosts Social Spending
The Central Bank of Brazil reduced its 2026 and 2027 growth projections after the government announced a R$22 billion hike in social welfare spending, increasing fiscal deficit concerns.
Brazil Finance Ministry Flips 2026 Deficit to Superavit Using R$63 Billion in Legal Deductions
Brazil’s Finance Ministry used R$62.78 billion in legal adjustments to transform an R$81 billion deficit into a projected R$10.77 billion surplus for 2026, narrowly meeting the fiscal target.
Independent Senate Body Projects R$86 Billion Deficit for Brazil's 2027 Budget
Brazil's Independent Fiscal Institution forecast an R$86.1 billion primary deficit for 2027, severely challenging the government's R$18.6 billion surplus target.
Brazil’s Mounting Debt Crisis Limits Next President’s Policy Options
High nominal deficit reaching 9.99% of GDP and rigid spending lock in a structural fiscal challenge for Brazil's next administration.
Brazil’s Fiscal Reckoning: Post-Election Adjustment Looms as Debt Debate is Deferred
A painful fiscal correction is inevitable for the next Brazilian president, driving up the country's risk premium as the debate is shelved until after the October election.
Lula Government Allocates R$6.6 Billion in Fuel Subsidies, Challenging Fiscal Framework Target
Brazil's President Lula signed an executive order for R$6.6 billion in fuel subsidies, immediately pressuring the zero-deficit target.
Lula Ramps Up Fuel Subsidy Amid $100 Oil and Election Pressure, Raising Fiscal Alert
Brazil's President Lula signs decree cutting R$0.63/liter federal tax on gasoline weeks before election, sparking deficit fears.
Brazil’s Fiscal Debt Structure Raises Post-Election Exchange Rate Risk, UBS Says
Wealth manager UBS warns Brazil's large Selic-linked debt makes the Real more vulnerable to a post-election fiscal surprise.
Presidential Candidate Augusto Cury Puts Privatization of Brazil’s Deficit-Ridden Post Office Back on the Table
Presidential candidate Augusto Cury has revived the push to privatize Correios after the Brazilian Post Office reported a massive R$8.5 billion loss.
Brazil’s Biggest Fiscal Threat is a Slow Deterioration, Not a Sudden Crisis
Brazil’s failure to contain spending, projecting a R$59.1 billion primary deficit for 2026, poses the biggest risk to the economy.
Brazil’s Fiscal Framework Credibility Erodes as Real Deficit Threatens Public Debt Stability
Brazil's New Fiscal Framework is undermined by rising deficits and spending 'exceptions,' jeopardizing debt stabilization and sustaining a high country risk.
Brazil’s Energy Sector Faces 2030 Deficit Risk as Price Signals Deter Investment
Brazilian energy executives warn of a 2030 power deficit due to a dysfunctional market model that fails to incentivize grid flexibility and storage.
Fiscal Strain Pushes Brazil’s Real Bond Yields to Unsustainable Highs Ahead of Election
Brazil's real interest rates on long-term government bonds have surpassed 8%, driven by deep market concern over fiscal stability.
Brazil Tries to Steady Political and Fiscal Ship as 2026 Election Cycle Accelerates
Brazil's political and economic agenda focuses on institutional resilience and spending control amid a worsening fiscal deficit and growing election scrutiny.
Fiscal Credibility Cracks as Brazil’s Deficit Worsens Amid Pre-Election Spending Exemptions
Brazil's projected 2026 primary deficit worsened to R$59.1 billion as Congress and the Executive approve new spending outside the fiscal rule's cap.
Dry Spell Threatens Start of Brazil’s 2026/2027 Soybean Planting Season
A seven-day rain deficit in key Brazilian soy hubs like Sorriso-MT is raising concerns about delayed planting for the world's largest exporter.
Brazil’s Record Grain Harvest Threatened by 135-Million-Ton Storage Deficit and Credit Crunch
Brazil’s massive grain production, forecast at 357 million tons for 2025/2026, is being undermined by severe bottlenecks in storage, credit, and transport, cutting farmer profits.
Brazil Postal Giant Correios Posts R$ 5.4 Billion H1 Loss
Brazil's state-owned postal service Correios posted a R$ 5.4 billion loss in the first half of 2026, reigniting debate over privatization and fiscal reform.