Brazil posts R$1tn 12-month nominal deficit for the first time
The higher public spending on measures to tackle the pandemic worsened Brazil's fiscal situation, leading the nominal deficit to break the R$1 trillion threshold in the year to October for the first time since the Central Bank's official records began, in November 2002. The highest deficit until then, of R$990 billion, had been posted in last September. Fernando Rocha, head of the monetary authority's statistics department, says the...
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