The smaller (but still big) public deficit in Brazil. The latest court development in the case that culminated in Dilma Rousseff’s impeachment. An update of the coronavirus situation in Brazil.
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Brazil’s deficit smaller but far from ideal
The Brazilian government published its financial results for 2019, posting the best results in six years. Still, the budget deficit was at BRL 95 billion—or 1.31 percent of the GDP. There is little chance that Brazil’s public accounts will get back to black before 2022.
Silver lining. The 2019 deficit was significantly lower...
