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IFI: Brazil likely to see 10 more years of primary deficit and breaches of spending cap

RIO DE JANEIRO, BRAZIL - Brazil is not expected to register a primary surplus over the next decade and may see its gross debt exceed 100% of GDP until 2030 - much higher than other emerging countries. The assessment comes from the Independent Fiscal Institution (IFI), linked to the Federal Senate, which in its base scenario points to a sequence of at least 17 years of unbalanced accounts.

According to the institution's forecast, the central government's gross debt should close the decade at 103.4% of GDP. The base scenario considers a growth rate of 3.0% in 2021 - against . . .

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