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1 – 5 of 5The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…
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DOI: 10.1108/OXAN-DB284267
ISSN: 2633-304X
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Geographic
Topical
Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
The decision was taken despite inflation that reached 10.67% last year. It came days after President Dilma Rousseff signed into law the 2016 federal budget, which foresees a GDP…
The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…