Brazil’s Federal Budget Office revised its 2023 fiscal outlook, lowering the projected deficit to R$ 141.4 billion ($28.7 billion) from R$ 145.4 billion ($29.6 billion). Accordingly, this represents 1.3% of GDP, a slight drop from 1.4%. Next, the office announced an additional budget cut. They will slash R$ 600 million ($122 million) from discretionary expenses […]
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