Brazil Flash: ”Government announces expenditure cuts to put fiscal accounts on track for meeting fiscal target and to create room for a lower SELIC”
Published on Tuesday, February 14, 2012
Brazil Flash: ”Government announces expenditure cuts to put fiscal accounts on track for meeting fiscal target and to create room for a lower SELIC”
The government announced today a restriction of R$ 55bn (1.25% of GDP) of expenditures budgeted for the year. We expect these expenditure cuts to be delivered and the fiscal target (primary surplus equal to R$ 139bn, around 3.2% of GDP) to be fulfilled by the end of the year.
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120215_Brazil_Flash-Fiscal_policy_tcm348-287167.pdf English February 14, 2012
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