Brazil Faces R$ 44 Billion Fiscal Shortfall from State Debt Overhaul

The recent Senate approval for the renegotiation of state debts might lead to an annual shortfall of up to R$ 44 billion (US$ 8 billion) in Brazil’s federal accounts, based on analyses reported by Folha de S. Paulo. The calculations, drawn from the latest data from the National Treasury, consider the scenario where all states […]