Brazil Tightens Belt: Revenue Rises as 2024 Deficit Forecasts Soar

Brazil’s economic narrative gained momentum as federal revenue surged 11.02% in June, leading to a 9% growth in the first half of the year. However, Robinson Barreirinhas, the Federal Revenue Secretary, flagged a minor shortfall due to unresolved payroll tax relief measures. Facing tough fiscal goals, President Luiz Inácio Lula da Silva’s team enacted a […]