Government increases budget deficit forecast for public accounts to R$ 14.5 billion - Jovem Pan.

Jovem Pan News

Government increases budget deficit forecast for public accounts to R$ 14.5 billion - Jovem Pan.

President Lula da Silva increases budget deficit forecast to $2.7 billion from $1.5 billion, still within tolerance for zero fiscal deficit target. The government submitted the second bi-monthly report on revenue and expenditure of the 2024 budget with the new deficit projection. A $2.9 billion blocked since March was released to avoid exceeding the spending ceiling of the new fiscal framework. The release eased pressure on the Cities and Transp…