Brazil fiscal imbalance to worsen by R$40bn from betting ban, MEI package, Bolsa Família

Brazil's Independent Fiscal Institution (IFI) estimates that ending betting, the MEI package, and Bolsa Família will add R$40 billion to the fiscal imbalance, excluding Pé de Meia for higher education and weekend public transport fare exemptions. This signals further deterioration in Brazil's fiscal outlook, pressuring the BRL and local rates.

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