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Brazil considers reducing 2022 budget deficit target by up to US$14 billion

RIO DE JANEIRO, BRAZIL – The Ministry of Economy evaluates the convenience of sending a bill amending the Budget Guidelines Law (LDO) to reduce the primary deficit target for 2022 between R$60 billion and R$70 billion (US$14 billion).

The current deficit target is R$170.5 billion for next year. The information was published in the newspaper “O Estado de S. Paulo” and confirmed by Valor.

A senior source estimates that the measure would be a very positive sign about the trajectory of public accounts but says that the hammer is not hit, and there are doubts about . . .

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