Weekly Report - 27 March 2025 (WR-25-12)

BRAZIL | Annual budget approved. Congress approved the 2025 budget legislation (PLOA) on 20 March, which set a total budget of R$5.87tn (US$1.02tn) for this year. The government must aim for zero deficit but will be allowed to register a primary deficit of R$31bn (0.25% of GDP).

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