INSUBCONTINENT EXCLUSIVE:
by BTG bank.The Treasury encountered delays in tax payments from companies in Rio Grande do Sul.BTG forecasts a significant May deficit of
R$58.1 billion ($10.92 billion)
credits for Rio Grande do Sul and R$9.4 billion ($1.77 billion) for parliamentary amendments.Rising social security costs also contribute to
(Photo Internet reproduction)Despite these gains, BTG projects a 2024 deficit at 0.6% of GDP, about R$67 billion ($12.59 billion).For 2025,
billion ($0.30 billion) in deferred federal tax payments
This deferral adds complexity to the national financial scene.The Brazilian government aims to eliminate the public accounts
fiscal stability face many challenges
Therefore, the Treasury remains cautious about future projections.
