FILE PHOTO: Brazil's President Jair Bolsonaro talks with Brazil's Economy Minister Paulo Guedes during a ceremony to launch a program to expand access to credit at the Planalto Palace in Brasilia, Brazil, August 19, 2020. REUTERS/Adriano Machado
That is wider than the 787.4 billion reais deficit excluding interest payments that was forecast in the last report in July, but slightly below the ministry’s official forecast of a 866.4 billion reais shortfall issued earlier this month. The report outlined an expected 84.4 billion reais rise in “extraordinary credits,” which include an extra 67.6 billion reais of emergency payments over the October-December period recently approved by President Jair Bolsonaro.
Overall, the Economy Ministry raised its 2020 primary expenditure forecast by 63.6 billion reais from July’s report to 2.046 trillion reais, and lowered its net revenue forecast by 10 billion reais to 1.185 trillion reais.
That is quite a sum...how will it be balanced.. in anothe 100 years...?
Gee, a “fiscally conservative” government, wanting to privatize, has flubbed its economy? Shock me again!
Take it from the gop, deficits don’t matter until the opposition is in office.
$157 billion? Those are rookie numbers.
Wrong habits that harm the digestive system without realizing it. 1_ If you used to eat and then take a shower,..
WOW! Who do you think got RICH!?!
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