Brazil will use accounting mechanism to make up surplus shortfall

12/3/2012 |

The Brazilian government will turn to a mechanism that allows it to deduct public-sector investment from its budget-surplus target to make up a shortfall, Finance Minister Guido Mantega says. "We have a target equivalent to 3.1% of [gross domestic product], and we have authorization to deduct the equivalent of investments that we'll make from this full target," he said. However, Brazil probably won't need the full amount of $22.2 billion.

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