Arab Today, arab today brazil to miss 2014 fiscal targets
Last Updated : GMT 10:54:38
Arab Today, arab today
Arab Today, arab today

Brazil to miss 2014 fiscal targets

Arab Today, arab today

Arab Today, arab today Brazil to miss 2014 fiscal targets

The new Finance Minister Joaquim Levy
Brasília - AFP

After enduring a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin, its central bank said Monday.
Last month, the world's seventh largest economy's public sector primary fiscal balance -- a deficit  of 8.1 billion reais ($3.1 billion) -- was worse than forecast and the worst November on record.
Brazil's accumulated January to November deficit hit 19.642 billion reais ($7.55 billion), with growth forecast barely to creep above zero this year.
President Dilma Rousseff, re-elected in October to a second term, promised last month to put all government spending "under a magnifying glass."
Brazil had targeted a primary fiscal surplus for the year of 1.9 percent of GDP or some 91.0 billion reais ($35 billion) to reassure markets of its ability to service its debts.
Incoming Finance Minister Joaquim Levy told the Valor financial daily in an interview published Monday that the target had been lowered to "perhaps 10 billion reais ($3.8 billion) or 0.2 percent of GDP.
Hitting the revised target would require a December surplus of 29 billion reais -- significantly more than any other monthly figure this year.
Levy said the 2015 target would be set at $66 billion or 1.2 percent of GDP while stressing the government would have to hack away a raft of subsidies if Brazil is to return to growth, which hit 7.5 percent in 2010 but slumped to just 1.0 percent in 2012 and 2.5 percent last year.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil to miss 2014 fiscal targets Arab Today, arab today brazil to miss 2014 fiscal targets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil to miss 2014 fiscal targets Arab Today, arab today brazil to miss 2014 fiscal targets

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday