empty
 
 

2018.02.1517:45:00UTC+00BRAZIL: Forecast For Primary Deficit In 2018 Drops To R$ 149.1 Billion

The market forecast for the Brazilian primary deficit in 2018 decreased to R$ 149.186 billion (US$ 46.29 billion), according to a monthly survey conducted by the Ministry of Finance. In the previous survey, analysts had expected a deficit of R$ 153.944 billion - a figure already slightly below the government's fiscal target for 2018 (R$ 159 billion).

For 2019, the primary deficit estimate fell to R$ 119 billion, from R $ 120.960 billion in the previous survey.

Analysts have raised the forecast for this year's revenue to R$ 1.45 trillion, from R$ 1.446 trillion last month, while the market forecast for public spending this year fell to R$ 1.364 trillion, from R$ 1.367 trillion in the previous survey.

The forecast of gross debt as a proportion of Gross Domestic Product (GDP) fell to 75.5%, from 76% in the January estimate.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback