Brazil Faces Fiscal Challenge with Historic 2023 Deficit

In 2023, Brazil’s public sector, including all government levels and state firms, recorded a notable primary deficit. From January to November, the deficit reached R$ 119.6 billion (approximately $24 billion), marking the second-largest in history. This deficit was surpassed only by that of 2020, a year heavily impacted by the COVID-19 pandemic, which compelled increased […]

Leave a Reply

Your email address will not be published. Required fields are marked *