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Marcela Ayres

Brazil to freeze additional 1.4 billion reais in 2019 budget

8:57pm BST

BRASILIA The Brazilian government on Monday announced an additional 1.443 billion reais ($386 million) freeze on spending, as weak economic growth squeezes revenue and threatens government fiscal rules and budget forecasts.

UPDATE 1-Brazil gov't sees pension reform savings of 933.5 billion reais

18 Jul 2019

BRASILIA, July 18 Savings generated by the overhaul of Brazil's social security system are expected to be 933.5 billion reais ($250 billion) over the next decade, the Economy Ministry said on Thursday, almost a quarter less than the government's bill envisaged.

Brazil hoping to avoid budget freeze next week, but options limited

18 Jul 2019

BRASILIA Brazil's government is hoping to avoid announcing a fresh round of budget freezes next week, the President's chief of staff said on Thursday, adding that economic stimulus measures are also expected to be announced next week.

Brazil hoping to avoid budget freeze next week, but options limited

18 Jul 2019

BRASILIA, July 18 Brazil's government is hoping to avoid announcing a fresh round of budget freezes next week, the President's chief of staff said on Thursday, adding that economic stimulus measures are also expected to be announced next week.

Brazil eyes stimulus package to mark 200 days of Bolsonaro's government

18 Jul 2019

BRASILIA Brazilian President Jair Bolsonaro said on Wednesday his government will announce an economic stimulus package this week to revive flagging growth, confirming earlier media reports, in an effort to mark the first 200 days of his administration.

Brazil development bank BNDES eyes sale of $27 billion in listed assets

16 Jul 2019

BRASILIA Brazilian development bank BNDES is looking to expedite the sale of nearly 100 billion reais ($26.6 billion) in listed assets, its new chief executive said on Tuesday during his inauguration.

Brazil halves 2019 economic growth forecast to 0.8% from 1.6%

12 Jul 2019

BRASILIA Brazil's government slashed its economic growth forecast for this year to 0.8% from 1.6%, the Economy Ministry said on Friday, blaming continued weakness in the second quarter following the economy's contraction in the first.

Brazil's Bolsonaro offers his son the post of ambassador in Washington

12 Jul 2019

BRASILIA Brazilian President Jair Bolsonaro said on Thursday he had invited his son Eduardo to become ambassador to the United States, underscoring his family's influential role in the country's diplomacy and domestic politics.

Brazil eyes post-pension reform steps to reform economy, boost growth

10 Jul 2019

BRASILIA Brazil's Economy Ministry is considering launching a website that will detail the steps it has taken and will take to reform the economy, sources told Reuters, in an effort to increase transparency and combat criticism it has not done enough to boost weak growth.

UPDATE 1-Brazil govt to cut 2019 GDP growth forecast, eyes budget freezes

08 Jul 2019

BRASILIA, July 8 Brazil's government is set to slash its 2019 economic growth forecast, a senior Economy Ministry official said on Monday, warning that weak growth is putting pressure on government revenues and could force another budget freeze.

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