Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil May Cut 60 Billion Reais From 2012 Budget, Estado Says

Don't Miss Out —
Follow us on:

Jan. 1 (Bloomberg) -- Brazil may cut about 60 billion reais ($32.1 billion) from its 2012 budget, more than previously forecast, as it seeks to reach its primary budget surplus target, O Estado de S. Paulo reported, citing unidentified people at the Finance Ministry.

The government had previously said it planned to cut 50 billion reais from this year’s budget, the Sao Paulo-based newspaper reported. The government is aiming for a primary budget surplus of 3.1 percent of gross domestic product in 2012, according to Estado.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.