CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Next Year’s Budget Needs To Be Defined By December 17

BRAZIL
  • Speaking to journalists in Brasilia on Thursday, rapporteur Marcelo Castro said that Brazil’s 2023 budget needs to be defined by December 17.
  • Brazil’s social program will need BRL70b more in 2023 and will return to being called Bolsa Familia in president-elect Luiz Inacio Lula da Silva administration.
  • Castro said that there’s no way the amount of 600 reais won’t be paid in January, but there’s no room in the budget to support such demand for spending
    • Castro also said the income tax exemption is more difficult to solve as the exemption for those earning as much as 5,000 reais would excessively affect people who earn just above that amount.
    • A solution to this distortion has to be discussed, he said.
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.