BRASILIA Brazil's government should resist calls to relax spending cap rules to avoid a sharp deterioration in public finances, Treasury Secretary Mansueto Almeida said on Wednesday.
BRASILIA, Aug 13 A constitutional amendment to
overhaul Brazil's tax system, potentially comprising proposals
from the government and lawmakers, will be put to a special
congressional committee by Oct. 8, the bill's coordinator
Aguinaldo Ribeiro said on Tuesday.
BRASILIA Brazil's Senate is expected to consider extending pension reform to states and municipal governments as it moves to vote on a bill overhauling the social security system, lawmakers said on Thursday.
BRASILIA, Aug 6 Brazil's central bank sees gross
domestic product staying stable or growing only slightly in the
second quarter, minutes from the last monetary policy meeting
showed on Tuesday, while the bank's head flagged downside risks
from global macroeconomic tensions.
WASHINGTON/BRASILIA/SAO PAULO President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.
BRASILIA The Brazilian government's fiscal position improved in June, Treasury figures showed on Friday, with a smaller-than-predicted primary budget deficit for the month helping to narrow the shortfall accumulated in the first half of the year.
BRASILIA New measures unveiled by the Brazilian government on Wednesday allowing employees to access cash from worker guarantee funds will be worth 0.35 percentage points to gross domestic product over the next 12 months, the Economy Ministry said on Wednesday.
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.