Brazilian primary deficit reached $22.5 bn, the lowest fiscal loss in five years

Brazil federal government ended 2019 with a primary deficit of R$95.1 billion ($22.5 billion), the lowest fiscal loss in five years, the National Treasury reported. It was the sixth consecutive year that the government spending exceeded taxes and tax revenues. Only in 2014 the deficit in the Brazilian accounts managed to be lower than in 2019, when the accounts registered negative results of the order of R$23.5 billion.

Source: Jornal de Noticias

Categories: Macroeconomy/Finance

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