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Brazil’s government cuts 2021 budget deficit forecast, report shows

Sumary of Brazil’s government cuts 2021 budget deficit forecast, report shows:

  • It raised its 2021 net revenue forecast by 43.1 billion reais to 1.476 trillion reais, and increased its primary spending forecast by 10.8 billion reais to 1.632 trillion reais.
  • Extraordinary credits covers spending related to fighting the coronavirus pandemic, mainly emergency transfers, which are not subject to the usual budget rules.

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