Record Revenue Fails to Curb Brazil’s Towering Deficit

In the last 12 months, Brazil’s primary deficit, excluding interest payments, rose to R$280.2 billion ($51 billion). This is the highest since July 2021, when it reached R$305.5 billion ($55 billion). On June 28, 2024, the Central Bank released its fiscal statistics report, highlighting the nation’s financial situation. Finance Minister Fernando Haddad criticized the 2022 […]