MNI China Daily Summary: Tuesday, December 31

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

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MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

Photo by Mateus Campos Felipe on Unsplash

(Corrects deficit target in fourth paragraph)

The Brazilian government still hopes it will be able to keep to its current fiscal targets for 2024 and 2025, a senior member of the government’s economic team told MNI on Wednesday, though he added that officials were concerned by the reluctance of Congress to trim expensive legislation.

Planning and Budget Minister Simone Tebet said on Tuesday that the government could reconsider its targets, and that officials were due to receive revenue projections for 2025 on Wednesday.

But revising the fiscal target is not the government’s Plan A, the government source told MNI. A close examination of this year’s revenues will “establish a basis” for not only this year’s target but also those of subsequent years, the source said.

However the government's aim of achieving a primary deficit of zero this year and a surplus of 0.5% of gross domestic product in 2025 will require additional actions on both the revenue and expenditure fronts, the source emphasized. Measures in Congress such as a payroll relief bill, which would add to fiscal expenses, are also a risk, the source said.
BellEM Policy NewsEM ExclusiveRegionEM SourcesEM Government sectorLatAmBrazilStoryEM Fiscal
BellEM Policy NewsEM ExclusiveRegionEM SourcesEM Government sectorLatAmBrazilStoryEM Fiscal

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