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LatinNews Daily - 13 September 2019
In brief: Brazil’s primary fiscal deficit forecast revised to R$104.07bn
* After consulting various financial institutions, Brazil’s economy ministry has increased its forecast for the central government primary deficit (comprised of the central bank, the national treasury, and the social security institute) to R$104.07bn (US$25.63bn) up from August’s prediction of R$103.22bn. This remains below the government’s deficit target of R$139bn. This increase in the forecast is based on revised forecasts for central government net revenues, which are predicted to total R$1.3trn in 2019, down from August’s prediction of R$1.31trn. Public debt is predicted to be 78.5% of GDP for 2019.
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