Weekly Report - 30 July 2020 (WR-20-30)

BRAZIL | Fiscal deficit. Brazil’s economy ministry predicted on 22 July that the federal government’s primary deficit will reach R$787.4bn (US$153.8bn) in 2020, which would be its highest level since 1997. The figure was published in the government’s bi-monthly report on income and spending and represents a 45% increase on the primary deficit forecast published in May.