BRAZILIAN BUDGET DEFICIT SOARS
Tema(s): En: Financial Times 14 abr. 1999, p. 6Resumen: Brazil's budget deficit soared to 14 per cent of gross domestic product in the year to the end of February as a result of the currency devaluation in January. The figure reflects the impact of the devaluation on Brazil's dollar-linked debt at a time when the currency was weakening sharply. The Real, which reached R2.22 to the dollar at one stage, had recovered to R1.67 by yesterday afternoon, a devaluation of 27 per cent this year. The 14.01 per cent nominal deficit in the year to end-February compared with a deficit of 8.02 per cent in 1998. The net public sector debt grew to R500.8bn (299bn), equivalent to 51.9 per cent of GDP.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-020936 (Navegar estantería(Abre debajo)) | Financial Times. 14 abr. 1999, p. 6 | Disponible |
Brazil's budget deficit soared to 14 per cent of gross domestic product in the year to the end of February as a result of the currency devaluation in January. The figure reflects the impact of the devaluation on Brazil's dollar-linked debt at a time when the currency was weakening sharply. The Real, which reached R2.22 to the dollar at one stage, had recovered to R1.67 by yesterday afternoon, a devaluation of 27 per cent this year. The 14.01 per cent nominal deficit in the year to end-February compared with a deficit of 8.02 per cent in 1998. The net public sector debt grew to R500.8bn (299bn), equivalent to 51.9 per cent of GDP.
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