Brazil's government to end 2024 within fiscal target tolerance band, finance minister says

BRASILIA - Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the compensation for payroll tax waivers.

Central bank data released on Friday showed that the central government posted a primary deficit of 8.6 billion reais in July and a deficit of 269 billion reais over the past 12 months. Government members have stressed that fiscal results in the second half of the year will be better than in the first, which saw the anticipation of significant expenditures, including court-ordered payments.

The minister assessed that the labor market is overheated, and now is the time to adjust social programs.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What the 2024 campaign means for your wallet: The Yahoo Finance guide to the presidential electionA guide to how the two presidential candidates might affect the financial issues that matter most to voters in 2024.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

S&P 500 on track for best week of 2024, consumer sentiment rises: Yahoo FinanceUS equities (^GSPC, ^DJI, ^IXIC) are on the rise following better-than-expected consumer sentiment data, with the S&P 500 (^GSPC) up nearly 4% for the week, ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

The big business of the 2024 Olympics: Yahoo Finance ReportsAs the 2024 Olympic Games continue in Paris, Yahoo Finance explored what investors should know about the Olympics' effect on business. (00:19) Sunny Bonnell,...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »