Fiscal Balance in Brazil

Brazil Fiscal Balance | Economic News & Forecasts

Brazil - Fiscal Balance

GDP contracted in the first quarter of the year for the first time since the severe recession in 2015-2016. A breakdown by components revealed broad-based weakness in the economy, with uncertainty at home and abroad strangling fixed investment. In addition, exports plunged on lower mining sales amid troubles at Vale, the slowdown in global trade and collapse in demand from key trading partner Argentina. Available data for the second quarter points to lingering softness: Industrial production barely grew in April and both consumer and business confidence fell in May. Meanwhile, in June, the Supreme Court ruled that state-run firms do not need congressional approval to sell subsidiaries, a win for state-run oil company Petrobras and Bolsonaro’s government. The decision will allow Petrobras to sell around USD 27 billion of assets to help reduce its bloated debt.

Brazil - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.0  -6.0  -10.2  -9.0  -7.8  

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Brazil Facts

Bond Yield7.88-0.82 %Jun 13
Exchange Rate3.85-0.13 %Jun 13
Stock Market98,774-0.40 %Jun 13

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