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June Total Outstanding Loans, Central Government Budget Balance Due

BRAZIL
  • After June FGV construction costs figures at 1200BST(0700ET), total outstanding loans data for June will be published at 1230BST(0730ET), followed by central government budget balance numbers at 1430BST. Analysts are looking for a BRL 37bn budget deficit in June, following a BRL 61bn deficit in May. Treasury Secretary Rogerio Ceron will hold a press conference about the budget balance report at 1500BST.
    • July FGV Construction Costs MoM, est. 0.58%, prior 0.93%
    • June Outstanding Loans MoM, prior 0.7%
    • June Central Govt Budget Balance, est. -37b, prior -61b
  • Meanwhile, BCB President Campos Neto is due to continue with meetings at the G-20 Finance Ministers and Central Bank Governors gathering in Rio during the day. He will meet with Spanish Economy Minister Carlos Cuerpo at 1800BST(1300ET) and with FATF president Elisa De Anda Madrazo at 1830BST.
  • Finance Minister Haddad will hold a press conference to review the G-20 meeting at 2200BST(1700ET). Yesterday, he said he was extremely pleased with the outcome of the G-20 meeting, including a statement which endorses taxing the super-rich.
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