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Under the Lula government, the $10 billion surplus, achieved by the Bolsonaro administration in 2022 and marking the best public account result since 2013, was utilized within a year. On Wednesday, Brazil updated its deficit forecast for the year. The new figure is R$ 177.4 billion ($36.227 billion), up from September’s R$ 141.4 billion ($28.876 […]
Brazilian Tourist Wave Hits the U.S. in Early 2024
In early 2024, Brazil confirmed its status as a leading global tourism contributor, sending an impressive 456,235 tourists to the United States. This positioned Brazil as the second-largest source of overseas visitors to the U.S., trailing only the United Kingdom, which sent 820,214 tourists. Countries like India, Japan, and South Korea also made significant contributions, […]
How Egypt is Attracting Billion-Dollar Global Investments
Egypt’s President Abdel-Fattah El-Sisi recently unveiled tax breaks designed to spur investment in crucial industries. Industries like green energy, electric cars, and pharmaceuticals will benefit. This move comes amid a high inflation rate of 36.5% for July 2023. Companies can also trade in stable currencies like euros and dollars. In 2021, Egypt made some products […]