BRASILIA, Oct 21 Brazil's federal tax revenue
rose to 119.8 billion reais ($21.4 billion) in September, the
revenue service said on Wednesday, marking the second
consecutive increase from a year ago as the recovering economy
boosted corporate taxes and contributions.
BRASILIA Brazil expects to join the Organisation for Economic Cooperation and Development club of rich nations within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two-thirds of the preparatory work has already been completed.
BRASILIA Brazil is at an "inflection point" where less public spending rather than more will deliver stronger economic growth, central bank president Roberto Campos Neto said on Monday, warning that fiscal concerns are harming financial conditions and investment.
BRASILIA, Oct 8 Brazilian retail sales rose to
their highest on record in August, official figures showed on
Thursday, the fourth monthly increase in a row as economic
activity continued to recover from the worst of the nationwide
lockdown measures earlier this year.
BRASILIA Brazil won plaudits from investors by insisting its most pressing economic challenge is tackling a record deficit caused by COVID-19, but a growing number of economists say the government's priority should be getting millions of Brazilians back to work.
BRASILIA, Oct 5 Brazil's services sector
expanded in September for the first time in seven months, a
purchasing managers' survey showed on Monday, but still shed
jobs at a rapid pace and saw a slight decline in expectations.
BRASILIA, Oct 1 Brazilian manufacturing expanded
at a record pace in September, a survey of purchasing managers'
activity showed on Thursday, extending a recovery from the worst
of the COVID-19 crisis as employment growth hit a decade high
and export orders rose for the first time in a year.
BRASILIA, Sept 30 Formal job creation in Brazil
accelerated sharply in August, figures showed on Wednesday, as
industry and manufacturing led the strongest job growth in a
decade for that month and services finally showed signs of a
recovery in employment.
BRASILIA Brazil's government posted a primary budget deficit of 96.1 billion reais ($17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.
BRASILIA Brazil's President Jair Bolsonaro hit back on Tuesday at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.