Brazil’s government is on course to post a primary budget deficit of 861 billion reais ($157 billion) this year, the Economy Ministry said in its bimonthly revenue and expenditure report, factoring in extended emergency transfers to the poor through the end of December.
Brazil is being battered by the coronavirus crisis, but the damage is uneven across the sprawling South American country, where experts say chaotic policy-making has only made a complicated situation worse.
Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand caused by the coronavirus pandemic.
The Central Bank of Brazil said it had ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive.
Volunteers dug 100 graves on Copacabana Beach in Rio de Janeiro on Thursday as a symbolic reminder of the thousands of Brazilians who have died from COVID-19, and also to denounce what they called the "incompetence" of public authorities handling the pandemic.