Brazil’s R$6.6 Billion November Deficit: A Deceptive Improvement

Brazil’s public sector deficit shrank to R$6.6 billion ($1.06 billion) in November 2024, a stark improvement from R$37.27 billion ($6.01 billion) a year earlier. Yet, this seemingly positive figure conceals a complex economic reality that demands attention. The country’s gross debt remains stubbornly high at 77.7% of GDP, barely budging from 77.8% in October. This […]