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Brazil's Central Government Deficit Exceeds Expectations in November
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Overview
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Brazil's central government primary deficit in November surpassed expectations, reaching 39.4 billion reais. This reversed the surplus from the previous year and resulted in a year-to-date deficit of 114.6 billion reais. Finance Minister Fernando Haddad estimates the 2023 primary deficit to be around 130 billion reais, while Treasury Secretary Rogerio Ceron projects an annual deficit of 125 billion reais.
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How might the higher deficit impact Brazil's economic growth?
What factors contributed to the higher-than-expected primary deficit in November?
What measures can the Brazilian government take to address the fiscal deficit?
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