BRASILIA, July 23 Brazil's federal tax take in
June fell to a 16-year low for the month as the coronavirus
crisis continued to bite, official figures showed on Thursday,
although it rose from May, suggesting a trough may have been
BRASILIA, June 25 Brazil's National Monetary
Council, the country's highest economic policy body, on Thursday
set the central bank's 2023 inflation target at 3.25%, with a
tolerance margin of 1.5 percentage points on either side.
BRASILIA, June 24 Brazil's economic decline this
year will be "nowhere near" as bad as some forecasters think, a
senior Economy Ministry official said on Wednesday, after the
International Monetary Fund said it now sees a 9.1% contraction
in the country's economy.
BRASILIA, June 18 Brazilian economy ministry and
central bank officials on Thursday stressed the need for the
government to stick to its fiscal rules and keep a tight control
on public spending as soon as the COVID-19 crisis passes.
BRASILIA Brazil's official budget deficit target for this year of 10% of gross domestic product is already looking optimistic, Treasury Secretary Mansueto Almeida said on Friday, a sign of the huge pressure on public finances from the coronavirus crisis.
BRASILIA Brazil sold just over 18 billion reais ($3.2 billion) of short-term debt on Thursday, its biggest sale of the year and part of the government's strategy of borrowing at the short end of the curve, Treasury Secretary Mansueto Almeida said on Friday.
BRASILIA, Feb 20 Brazil's Economy Minister Paulo
Guedes said on Thursday that a weaker domestic currency should
come as no surprise, given that interest rates have fallen so
much, and said he was confident that economic growth will exceed
2% this year and beyond.
BRASILIA, Feb 18 Brazil's central bank
president, Roberto Campos Neto, said on Tuesday the bank is
ready to intervene in the foreign exchange market to address
illiquidity or excessive market moves in the local currency, the
real, as it did last week.
BRASILIA Brazil's government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state oil firm's independence in setting fuel prices.
BRASILIA, Jan 6 Brazil's government is working
on a policy to reduce the local impact of spikes in
international oil prices, officials said on Monday, reviving
questions about the state oil firm's independence in setting