LatAm Daily | A smaller - but still very high- primary deficit for Brazil in 2017
Published on Friday, July 8, 2016
LatAm Daily | A smaller - but still very high- primary deficit for Brazil in 2017
Summary
The government set a -2.2% of GDP target for the primary result in 2017, which is higher than the goal for 2016 (-2.7% of GDP), and will require a freezing of expenditure in real terms and some further actions on the revenue side (privatizations, tax hikes, etc.). That is still a very high deficit, which shows that the fiscal adjustment in Brazil will be very slow.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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