Brazil’s State-Owned Enterprises Face Historic Deficit
In 2023, Brazil's SOEs faced a R$2.3 billion ($460 million) deficit, their worst since 2015, reports the Central Bank. This announcement, made on February 7, 2024, marks a significant financial downturn for these entities. The last similar deficit was R$1 billion ($200 million) in 2016, marking a dramatic economic performance shift. The data reveals that […]