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Government Budget Balance, Formal Job Creation Data Due

BRAZIL
  • Brazil’s central government budget balance will be monitored at 1730GMT/1230ET, given the country’s budget being in the spotlight recently and specifically after President Lula vetoed the extension of tax exemptions. This created friction with Congress, but has increased the odds of reaching the primary budget balance target in 2024.
  • Additionally, October formal job creation is also due with an estimate of 135k jobs created.
  • President Lula will not attend the inauguration of Argentina President-elect Javier Milei swearing-in ceremony even after receiving an invitation, CNN Brasil said citing people with knowledge of the matter.

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