July 2, 2015

Brazil's budget during May back in the red; Congress restless about austerity

Brazil reported a primary budget deficit for May that was its widest for 2015, making its annual savings goal more difficult to achieve despite government efforts to raise taxes and cut spending.

Central bank data showed a primary budget deficit of 6.9 billion Reais ($2.23 billion). This compared with a primary surplus of 13.445 billion Reais in April. Read more.

MercoPress

Related,
Brazil Announces R$29 Billion for Family Farming Harvest Plan - Rio Times

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