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Brazil Finance Minister Mantega Proposes 2015 Budget: Daily

By Chesney Hearst, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – On Thursday, August 28th, Brazilian government officials delivered the 2015 Brazilian budget draft, the Projeto de Lei Orçamentária Anual (PLOA) 2015, to Congress. Betting on economic improvements in Brazil and internationally during 2015, the proposal forecasts a three percent growth of Brazilian Gross Domestic Product (GDP), inflation of five percent, and a targeted primary surplus of R$114.7 billion during the upcoming year.

The budget proposal also included a fixed R$788.06 minimum wage increase for next year and a reduction in government spending on

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