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India

Marcela Ayres

Brazil Treasury secretary admits to pressure to relax spending rule

14 Aug 2019

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.

UPDATE 2-Brazil tax reform to enter congressional committee by Oct. 8 -lawmaker

14 Aug 2019

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.

Brazil pension reform debate expected to widen in Senate

09 Aug 2019

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.

UPDATE 2-Brazil central bank sees little second-quarter growth, flags global risks

06 Aug 2019

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.

Trump says he will seek U.S. trade accord with Brazil

31 Jul 2019

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.

Brazil's public finances improve in June as spending controls tighten

27 Jul 2019

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.

Brazil GDP to get 0.35 percentage point boost from worker fund stimulus

25 Jul 2019

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.

Brazil to freeze additional 1.4 billion reais in 2019 budget

23 Jul 2019

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.

UPDATE 1-Brazil gov't sees pension reform savings of 933.5 billion reais

19 Jul 2019

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.

Brazil hoping to avoid budget freeze next week, but options limited

19 Jul 2019

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.

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