Record R$ 7 Billion Deficit for Brazilian State Companies

The deficit of state-owned companies in Brazil has reached an unprecedented level. From January to August, the total deficit amounted to R$ 7 billion ($1.25 billion). Federal companies accounted for R$ 3 billion ($536 million) of this deficit, while state-owned enterprises contributed R$ 4 billion ($714 million). These figures, reported by the Central Bank, reflect […]