IMF Staff Country Reports

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

July 31, 2023

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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 November 12, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/288

  • Stock No:

    1BRAEA2023001

  • ISBN:

    9798400249020

  • ISSN:

    1934-7685