Brazil unveils 2027 budget to rein in spending and borrowing
Debt dynamics to remain on upward trend over coming years, says economist
Brazil’s government has said it will rein in spending and borrowing as part of its proposed budget for 2027.
In a bill submitted to Congress on August 31, the government projected an effective primary surplus of BRL18.6 billion ($3.6 billion), equivalent to roughly 0.1% of GDP, according to figures from the Rio Times. Under legislation, the government is mandated to post a surplus amounting to 0.5% of GDP, equivalent to BRL73.2 billion. The effective surplus accounts for spending excluded from
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