Gabriel Ponte

Brazil posts second highest January primary surplus on record

Feb 25 2021

BRASILIA Brazil's government posted a primary budget surplus in January of 43.2 billion reais ($7.8 billion), Treasury figures showed on Thursday, down from the same month last year but still the second highest ever for that particular month.

Brazil will extend emergency aid but only with cost-cutting measures: Guedes

Feb 11 2021

BRASILIA Brazil will extend pandemic emergency cash transfers to the poor and vulnerable, Economy Minister Paulo Guedes said on Thursday, but added that the payments must come with compensating cost-cutting measures to avoid ruin to the public finances.

Brazil buying as many vaccines as it can, criticism unwarranted, says economy minister

Jan 25 2021

BRASILIA Brazil is trying to buy as many COVID-19 vaccines as possible, and accusations it has focused its efforts on only one manufacturer are unjust, Economy Minister Paulo Guedes said on Monday.

Brazil will purchase Sinovac vaccine, state governor says

Dec 16 2020

BRASILIA Brazil's federal government will purchase 46 million doses of the CoronaVac vaccine being developed by China's Sinovac Biotech Ltd, a state governor said on Wednesday, as authorities rush to source vaccines in a sometimes-confusing free-for-all.

Brazil has tools within spending cap rules to help poor, says economy minister

Dec 11 2020

BRASILIA (Reuters) -The Brazilian government has the financial tools to support some of the country's most vulnerable people next year without threatening the spending cap, its most important fiscal anchor, Economy Minister Paulo Guedes said on Friday.

UPDATE 1-Brazil food price spike is temporary, pandemic-fueled supply shock -treasury secretary

Sep 09 2020

BRASILIA, Sept 9 The recent sharp rise in Brazilian food prices is part of a temporary global phenomenon caused by a coronavirus pandemic-induced supply shock, Treasury Secretary Bruno Funchal said on Wednesday, adding it would soon pass.

UPDATE 1-Brazil cenbank chief says FX volatility is too high, would like it lower

Sep 03 2020

BRASILIA, Sept 3 Brazilian currency market volatility is on the high side, boosted by an increase in short-term flows and day trading, as well as record low interest rates, central bank president Roberto Campos Neto said on Thursday.

Lowest Brazil July tax take since 2009 highlights growing fiscal fears

Aug 20 2020

BRASILIA Brazil's federal tax revenue in July fell to its lowest for that month in over a decade, official figures showed on Thursday, highlighting the strain on government finances which are once again the center of political and financial market debate.

UPDATE 2-Brazil tax revenue falls to lowest for June in 16 years

Jul 23 2020

BRASILIA, July 23 Brazil's federal tax take in June fell to a 16-year low for the month as the coronavirus crisis continued to bite, official figures showed on Thursday, although it rose from May, suggesting a trough may have been reached.

UPDATE 1-Brazil sets 2023 inflation target at 3.25%

Jun 25 2020

BRASILIA, June 25 Brazil's National Monetary Council, the country's highest economic policy body, on Thursday set the central bank's 2023 inflation target at 3.25%, with a tolerance margin of 1.5 percentage points on either side.

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