Brazil Confronts Major Fiscal Deficit in 2023
In 2023, Brazil's central government, including the National Treasury, Social Security, and Central Bank, faced a significant fiscal challenge. The Institute for Applied Economic Research (Ipea) reported a primary deficit of R$ 234.3 billion ($48 billion). Without the payment of court-ordered debts (precatórios), this deficit would be R$141.2 billion ($29 billion). The primary result, which […]