Hands Off Brazil’s Sovereign Fund for 2013 Possible Shortfall
Posted on 12/05/2013
Contending with a probable ratings downgrade derived from a narrowing 12-month primary budget surplus, Brazilian public officials are seeking new options. Brazil may not be able to reach the year-end budget savings target of 2.3% of gross domestic product – a lowered target from last year. Last week, the Banco Central do Brasil stated the […]
