Home Economics Brazil: High Expenditure Levels Challenge Fiscal Stability
Fortress Hill Advisors • Posted 2 months ago
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Brazil’s fiscal data through August shows a primary deficit of 2.3% of GDP, with expenditure growth outpacing revenue gains despite efforts to increase government income.
Social transfers and unemployment benefits contributed to rising expenditures, now at 20.2% of GDP. The Central Bank’s recent rate hikes increase fiscal pressures, pushing the debt-to-GDP ratio to around 85%.
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