Brazil: 2023 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Brazil

July 31, 2023

Preview Citation

Format: Chicago

Brazil: 2023 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Brazil, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

After a rapid recovery from the pandemic, economic activity is converging towards potential levels. Headline inflation has rapidly declined from last year’s peak, but core inflation remains elevated, and inflation expectations are above target. To address cost-of-living concerns, the new government expanded the 2023 budget envelope, while identifying measures to recover tax revenues. The authorities are also embarking on an ambitious agenda to steer a sustainable, inclusive, and green economy.

Subject: External debt, Fiscal policy, Fiscal stance, Inflation, Inflation targeting, International organization, Monetary policy, Prices, Public debt

Keywords: Annual budget Law, Fiscal stance, Global, Indirect tax reform, Inflation, Inflation expectation, Inflation targeting, Liability positions vis-à-vis nonresident, Pec 45

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/288
Stock No:

1BRAEA2023001
ISBN:

9798400249020
ISSN:

1934-7685

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