Fiscal deficit reaches R$ 230 billion; Meirelles to announce a set of measures on Monday

BRAZIL POLITICS - Report 20 May 2016 by Murillo de Aragão and Cristiano Noronha

The deficit in the public accounts is expected to reach approximately R$ 230 billion this year, according to preliminary government data. The R$ 96 billion to which the previous administration admitted has been corrected to R$ 161 billion. The amount of R$ 15 to R$ 40 billion will be added to the deficit from Eletrobras, with the Treasury taking over that deficit, plus R$ 30 billion from states’ debts, as they are demanding a one-year grace period for payment.

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