Brazil’s State-Owned Companies’ Deficit Reaches Record High

Brazil’s state-owned enterprises have amassed a deficit of R$9.108 billion ($1.47 billion) from January to November 2024. This figure marks the highest level since the Central Bank of Brazil (BC) began tracking this data in 2002. The deficit encompasses federal, state, and municipal companies, excluding Petrobras and financial institutions like Banco do Brasil and Caixa. […]