The Brazilian government has unveiled its Growth Acceleration Program (GAP) aimed at injecting R$1.7 trillion (US$347 billion) into the economy. This funding, sourced both from public and private sectors, aims to spur employment, increase income, address regional and social disparities, and stimulate the nation’s economic growth. Brazil’s president, Luiz Inácio Lula da Silva, introduced the […]
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Brazil Navigates 2024 Budget Amid Diverse Views
Brazil’s Congress recently approved the 2024 budget, targeting near-zero fiscal goals and limiting public spending. President Luiz Inácio Lula da Silva’s administration proposed this budget with an authorized surplus of R$3.5 billion ($720 million). Financial markets, however, view the government’s fiscal target as ambitious, predicting a R$ 90 ($18.5) billion deficit. The budget allows a […]
Brazilian Households See 3% Spending Increase in 2023
In 2023, Brazilian households showed a 3.09% increase in consumption compared to the previous year. The Brazilian Supermarket Association (Abras) observed this growth, highlighting an 18% rise between December and November. Marcio Milan, Abras’ Vice President, credits this increase to lower food inflation for home consumption, particularly for beef, compared to eating out. Factors such […]
