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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.570-4.5%Dec 26 3:59 PM EST
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To: jayray who wrote (9677)11/13/1998 2:45:00 PM
From: Steve Fancy  Read Replies (10) of 22640
 
Brazil's Malan sees budget deficit falling in 1999

Reuters, Friday, November 13, 1998 at 13:03

BRASILIA, Nov 13 (Reuters) - Brazilian Finance Minister
Pedro Malan said Friday he expected Brazil's nominal public
sector budget deficit -- widely considered the Achilles heel of
the economy - to fall to 4.7 percent of GDP in 1999.
Brazil's public sector budget deficit in nominal terms,
including debt payments, is currently more than 7 percent of
gross domestic product.

Copyright 1998, Reuters News Service

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