Over the past weekend, an unprecedented attack by Iran on Israel elicited minimal criticism from leftist governments in Latin America. Brazil’s government, led by President Lula, called for “maximum restraint” in the Middle East, notably avoiding direct condemnation of Iran. This response followed an alleged Israeli strike on the Iranian consulate in Syria, which resulted […]
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Brazil’s Debt Crisis Looms: 80% of GDP by 2024, Senate Experts Warn
Brazil’s public debt is projected to reach 80% of GDP by the end of 2024, according to the Senate’s Independent Fiscal Institution (IFI). This forecast contradicts the government’s more optimistic 76.6% prediction. The IFI’s Fiscal Monitoring Report highlights the federal government’s struggle with sustainable public spending, despite improved economic growth predictions. Brazil’s gross debt stood […]
