Brazil’s Escalating Fiscal Struggle: Navigating a 10% GDP Deficit in July

As of July 2024, Brazil confronts a severe fiscal dilemma with a public accounts deficit that reached 10.02% of its Gross Domestic Product (GDP). This alarming figure, released by the Central Bank, overshadows the financial prudence seen in many nations and casts significant concerns over Brazil’s economic stability and growth prospects. Understanding Brazil’s fiscal severity […]