Brazil Flash: ”2011 fiscal target to be fulfilled. What about 2012?”

Summary

Recent data suggests that the public sector will meet the primary surplus target for this year (3.15% of GDP) due to robust revenues and controlled spending. In 2012, series of pressures on expenditures should prevent the government from meeting the 3.1% target. Preliminary 2012 budget figures support this view.

Geographies

Topics