Brazil’s Economic Paradox: Rising Revenues Yet Impending Cuts

In the first half of 2023, Brazil’s federal revenue grew 8.9% compared to last year, outpacing inflation. June’s forecast suggests a 9.9% increase. Despite this surge, analysts predict a substantial primary deficit of R$35.9 billion ($6.6 billion) for June, escalating to R$65.1 billion ($12 billion) over six months. The current figures reveal that revenues are […]