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.
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.
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.
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
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.
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.
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.
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.
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.
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