Exclusive: Drought could make Brazil lower 2014 fiscal goal - source


  • World
  • Thursday, 13 Feb 2014

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.

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