RBA SAYS IT REMAINS "VIGILANT TO UPSIDE RISKS"

MNI: RBA HOLDS CASH RATE AT 4.35%

MNI BRIEF: BOJ's Ueda Sees Possible July Lift To Policy Rate

MNI: PBOC Net Injects CNY84 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY86 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Lower At 7.1148 Tues; -1.35% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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

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

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

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

Zero Deficit Under Pressure As Deadline Approaches

BRAZIL
  • While some Ministers are asking for the 2024 zero deficit target to be changed, Folha has reported that the government is pressuring Minister Haddad to approve in Congress several measures to increase tax revenues to meet the target without necessitating any contingencies on expenses in 2024, which is an election year for mayors and local lawmakers.
  • It's worth highlighting that the 2024 budget is scheduled to be submitted to Congress this upcoming Thursday. Any measures involving alterations to taxes must receive approval within this year to enable their implementation in the subsequent year.
  • The rapporteur for the tax reform in the Senate is willing to include a limit to the country’s tax burden in the text. He is expected to discuss the issue with the government and lawmakers. Separately, Lawmakers approved with 390 votes (out of 405), the project that extends payroll tax relief until 2027.
  • President Lula will meet his Chief of Staff Rui Costa, Social Development minister Wellington Dias and Institutional Relations minister Alexandre Padilha (1300BST/0800ET). Central Bank Governor Campos Neto meets Eubury’s Chairman Sergio Rial (1700BST/1200ET) and attends the Financial Stability Committee’s second session (1730BST/1230ET).
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.