CANADA MAR CPI +2.9% YOY VS FORECAST +2.9%, PRIOR +2.8%

MNI BRIEF: UK Services Inflation May Persist - Lombardelli

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

EZ/UK T-Bill Calendar: Portugal, EU Auction Wednesday

MNI: US MAR INDUSTRIAL PROD +0.4%; CAP UTIL 78.4%

MNI: US REDBOOK: APR STORE SALES +4.9% V YR AGO MO

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Government Reduces 2021 Budget Deficit Estimate

BRAZIL
  • Brazil's government has cut its 2021 primary budget deficit forecast, based on a bi-monthly revenue and expenditure report which showed an expected jump in tax revenues on the back of stronger economic growth.
  • The Economy Ministry now expects a deficit excluding interest payments of 155.4 billion reais ($30 billion) this year, or 1.8% of gross domestic product, down from 187.7 billion reais, or 2.2% of GDP, in May's report.
  • It raised its 2021 net revenue forecast by 43.1 billion reais to 1.476 trillion reais, and increased its primary spending forecast by 10.8 billion reais to 1.632 trillion reais.
  • The new forecasts are based on the government's latest economic growth forecast for this year of 5.3%, revised up last week from 3.5%. (NP)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.