BRASILIA (Reuters) – Brazil’s primary deficit for the central government was 5 billion reais for January to April, undershooting expectations of a 27 billion reais deficit, Treasury Secretary Mansueto Almeida said on Friday.
Almeida said the recent truckers strike that upended the country’s economy led to 9.5 billion reais in unforeseen government spending due to measures to end the protest, but Congress’ move to eliminate certain tax relief programs in response will generate roughly 9 billion reais in 2019 revenue.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com