Brazil’s June Fiscal Deficit Hits R$38.8 Billion, Exceeds Market Forecasts

Brazil’s Central Government reported a significant fiscal deficit of R$38.836 billion (US$6.87 billion) in June. This marks a continued economic strain, despite being an improvement from May’s R$60.983 billion (US$10.79 billion) deficit. Analysts had expected a slightly smaller deficit of R$37.7 billion (US$6.67 billion). The figure includes activities from the National Treasury, Social Security, and […]