According to the Central Bank, the consolidated public sector’s nominal deficit rose by R$494 billion ($98.8 billion) within a year. Finance Minister Fernando Haddad, seen with a worried expression, highlighted in 2023 the impact of the high Selic rate on the fiscal deficit. The nominal outcome, which includes debt interest payments, reached a deficit of […]
Related Posts
Boakai’s Victory Marks New Era in Liberian Politics
Joseph Boakai won Liberia’s presidential election, narrowly defeating incumbent George Weah. Boakai received 50.64% of the votes, a slim margin of 20,567 votes over Weah’s 49.36%. Weah’s peaceful concession to defeat marked a significant moment for the region, often plagued by coups. ECOWAS praised Liberia for its commitment to democracy. Yet, the joy was tainted […]
Climate variability across Brazil: a study of temperature and precipitation trends
Decades of climate change fuel heat waves, droughts, and torrential rains in parts of the Southern Hemisphere, including winter months. And they could become more frequent and intense, according to a study released by Brazil’s National Institute of Meteorology (Inmet). The study analyzed climate changes in Brazil over the past six decades. It revealed that […]
Global Wheat Market Faces Uncertainty as Russian Production Falters
The global wheat market stands at a crossroads as Russia, the world’s leading wheat exporter, grapples with severe drought. This development threatens to disrupt wheat supplies and potentially drive up prices worldwide. East African nations, heavily reliant on Russian wheat imports, brace for potential economic shocks. Russia’s wheat production has steadily declined since its record […]