Brazil US$39 Billion Credit Release Pushes Public Debt Higher
Brazil's plan to exempt R$200 billion (US$39 bn) from its spending cap pushes gross debt toward 90% of GDP, raising...
July 28, 2026Topic
spending cap
Brazil’s future finance minister Haddad already talks about ending the spending cap
After attacking the spending cap, the future Minister of Finance, Fernando Haddad (PT, progressive-globalist), doubled down and defended
December 15, 2022
Brazilian fiscal policy off track: Lula da Silva wants license to spend US$36 billion off the cap
Senator and rapporteur of the Budget 2023, Marcelo Castro, presented on Monday (Nov. 28) the PEC (proposed amendment to the...
November 29, 2022
Lula da Silva’s proposal is to remove Brazil Aid from the spending cap indefinitely
The draft PEC, called 'fura-teto', sent by the transitional government team of President-elect Luiz Inácio Lula da Silva (PT, left)...
November 17, 2022
Brazil reduces debt to 80% in 2021 and records its lowest deficit since 2013
Latin America's largest economy tightened its belt in 2021 in an effort to mitigate the fiscal crisis it is experiencing,...
February 1, 2022
Five hot topics for Brazil’s stock market in the coming days
In the economy, IBC-Br is showing a boost in activity after a positive retail surprise 2 weeks before the COPOM...
September 13, 2021
Dollar has highest drop since March with relief on domestic fiscal concerns
The dollar closed down sharply on Tuesday, the steepest drop since March and pushing it to an 11-day low, with...
August 25, 2021
Brazil’s Police Brace for More Protests of Spending Cap Bill
In addition to protests, opposition senators also vow to use all regimental rules in their favor to obstruct and delay...
December 13, 2016