Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-2.8%

3:59 PM EST

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To: Steve Fancy who wrote (22437)	7/30/2001 2:19:27 PM
From: Z Analyzer	Read Replies (3) of 22640

Steve, Brazil's nominal budget deficit is still running at 5% of GDP. Do you know if debt repayments as well as interest are included in this figure? If it does not include substantial debt repaymnet, I'm at a loss to understand why people have regarded Brazil as doing well. I'm also surprised to see that they run a trade deficit even after the huge devaluation in the last few years. That usually causes a major improvement in competitiveness and reduction in deficit over this period of time. This thread is remarkably quiet compared to the old days and the Brazil club on Yahoo is totally dead. -Z

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