Latest news with #orçamento
Bloomberg
07-06-2025
- Business
- Bloomberg
Brazil House Speaker, Top Banks Urge Reform, Slam Tax Strategy
Scaling back corporate tax exemptions in Brazil will be top of the agenda for lawmakers when they meet with the government on Sunday night, House Speaker Hugo Motta said. The talks come as the government of President Luiz Inacio Lula da Silva tries to plug a hole in the budget with tax hikes, a strategy criticized by Motta, who was elected speaker with broad backing, and the country's top bankers.
Reuters
29-05-2025
- Business
- Reuters
Brazil's central government posts higher-than-expected primary surplus in April
SAO PAULO, May 29 (Reuters) - Brazil's central government recorded a primary budget surplus of 17.8 billion reais ($3.1 billion) in April, Treasury data showed on Thursday, above the 15.9-billion-real surplus projected by economists polled by Reuters. The figure represents an increase from the 11.6-billion-real surplus in the same period of last year, driven by higher tax collection, as well as a jump in revenues coming from dividends and the exploration of natural resources, specially oil. Year-to-date, the central government primary surplus reached 72.4 billion reais, more than double the 31.8-billion-real surplus posted a year earlier. The improvement has been helped by a favorable base effect, as the government chose to push a hefty bill for court-ordered payments to the second half of the year, whereas those payments were made in the first half in 2024. In the 12-month period, the primary deficit stood at 5.3 billion reais, or 0.02% of gross domestic product (GDP). Speaking at a press conference, Treasury Secretary Rogerio Ceron said the central government will probably post a 12-month primary surplus in May. The government targets a zero primary deficit this year, with a tolerance margin of 0.25% of GDP, meaning it can record a deficit of up to 31 billion reais and still comply with fiscal rules. ($1 = 5.6574 reais)
Reuters
27-02-2025
- Business
- Reuters
Brazil's central government posts $14.6 billion primary budget surplus in January
BRASILIA, Feb 27 (Reuters) - Brazil's central government posted a primary budget surplus of 84.882 billion reais ($14.6 billion) in January, Treasury data showed on Thursday, for which economists polled by Reuters were forecasting a 88.450 billion reais surplus for the month. ($1 = 5.8268 reais)
