BRASILIA (Reuters) - A severe drought stretching Brazil's finances by pushing up its energy bill could force the government to lower its primary budget surplus target this year, a senior official told Reuters.
President Dilma Rousseff's credibility has been damaged by her government's failure to meet its fiscal targets and investors doubt Brazil will be able to even repeat last year's primary surplus of 1.9 percent of gross domestic product, which was considered disappointing.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!