Rio de Janeiro state has sent its 2026 budget to the legislature with a projected deficit of R$18.94 billion ($3.57 billion). The math is plain: revenues of R$107.64 billion ($20.32 billion) versus spending of R$126.57 billion ($23.88 billion). Officials say the plan follows Brazil’s Fiscal Recovery Regime, which imposes tight rules on indebted states, and […]
