Brazil Revises Fiscal Goals, Eyes Surplus by 2028

On Monday, President Luiz Inácio Lula da Silva’s government submitted the 2025 Budgetary Guidelines Law Project (PLDO) to Congress, revising Brazil’s fiscal forecasts. Initially promising a fiscal surplus, the administration has now adjusted these projections to reflect current economic realities. The 2025 fiscal target has shifted from an anticipated 0.5% GDP surplus to a balanced […]

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