LatAm Daily | Further fiscal deterioration in Brazil
Published on Wednesday, October 28, 2015
LatAm Daily | Further fiscal deterioration in Brazil
Summary
The government eased its 2015 fiscal target due to lower than expected public revenues, problems in cutting expenditure and the decision of its court of audit to reverse certain creative accounting practices. As a result, the public sector could post a primary deficit of up to 1.7% of GDP. The decision could trigger a sooner than expected second downgrade to high-yield.
Geographies
- Geography Tags
- Latin America
- Brazil
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
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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