Source: Foundation for Economic Education
by Jake Scott
‘At the end of June 2026, Brazil’s National Treasury published a document forecasting the nation’s fiscal future, though it read more like a confession of failure than anything else. The eighth edition of the Fiscal Projections Report, first issued just over three years ago, was phrased in the usually dry government statements of routine transparency: reference scenarios for fiscal projections, sensitivity exercises on macroeconomic parameters like interest rates and inflation, a box on how oil prices are predicted to hit federal revenue, and so on. The headline fact, however, was clear: the government’s own fiscal targets are unreachable beginning in 2028. The government’s arithmetic shows that it is no longer able to reach these goals, and what makes matters worse is that there is no permissible measure capable of closing the fiscal gap that yawns beneath the target.” (07/20/26)
https://fee.org/articles/brazils-fiscal-reckoning-has-arrived/