Brazil’s government faces a complex task in managing its fiscal policy. The administration of President Luiz Inácio Lula da Silva aims to limit major budget expenses to a real growth of 2.5% annually. This aligns with the fiscal framework’s ceiling. However, achieving this goal proves challenging without addressing existing rules and policies. The main hurdle […]
Related Posts
Lula’s Letter to Biden: Fostering Energy Partnership
Brazilian President Luiz Inácio Lula da Silva recently penned a letter to U.S. President Joe Biden, proposing a “new partnership for energy transition.” This initiative marks the 200th anniversary of diplomatic relations between Brazil and the United States. Lula also extended an invitation to Biden to visit Brazil in the first half of 2024, a […]
Foreign direct investment in Brazil down 41% in July
In July, Brazil, Latin America’s leading economy, reported a foreign direct investment (FDI) intake of US$4.244 billion, marking a hefty decline of 41% compared to the same month in 2022, as stated by the Central Bank. Following a significant decline in direct foreign investments in Brazil in June, reaching the lowest level since December 2021, […]