125. A Country in Deficit: Brazil (via Jessica’s Econ Blog)

History of Brazil's Economy Article Net debt should drop to 30 percent of gross domestic product by 2014, and the country will likely narrow the nominal budget deficit to zero in the next administration, Budget and Planning Mminister, Mr. Bernardo told a reporter for O Globo newspaper. Brazil's net debt, or total debt minus international reserves and other government cash, reached 42.2% of GDP in April of 2010, while the nominal deficit in the ye … Read More

via Jessica's Econ Blog

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