Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • BUSBC 2022 Elections Series
    • Publications
  • Membership
    • Member Companies
    • Sponsorships

Brazil’s R$110.6 billion 2017 budget deficit within target

January 31, 2018 by

The Brazilian government delivered a 2017 public sector primary deficit of R$110.6 billion, well within the congressionally-set target of no more than R$163.1 billion. The deficit was also well below the 2016 primary deficit of R$155.8 billion. The deficit was brought under control in 2017 largely because of increases in revenues. Rising revenues came from both tax collections and special events such as sale of infrastructure concessions. Tax collections were enhanced by programs designed to clear up tax arrears. Primary figures, however, do not include debt-service payments. Because of debt-service payments, Brazil’s total public sector deficit rose in 2017 to the equivalent of 74% of GDP, up from 70% in 2016.

Link to Central Bank release

More Testimonials

Filed Under: Brazil News

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Upcoming Events

  1. The U.S.-Brazil Clean Energy Industry Dialogue

    August 18 @ 2:30 pm - 5:45 pm UTC+0

View All Events

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2022 | Brazil-U.S. Business Council | Privacy Policy