Resilient: Brazil’s fiscal deficit drops 64.9% to 4.16% of GDP in the year to November

Brazil's resilience and economic muscle, as well as the many fine-tuning measures on the part of the Ministry of Economy, have led to solid results.

RIO DE JANEIRO, BRAZIL - While many economies are groaning under the debt accumulated during the pandemic, the second largest American economy after the U.S. is showing that sound economic management is possible even in these difficult times.

Brazil recorded a nominal deficit of R$329.415 billion (US$59.14 billion) between January and November 2021, equivalent to 4.16% of gross domestic product (GDP), while debt declined moderately, the central bank reported Thursday.

The negative balance between revenues and expenditures of the Brazilian public sector, including the central government, regional governments, municipalities, state-owned enterprises, and debt interest . . .

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