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Politics Dilma Rousseff

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  • BRASILIA, Aug 31- The Brazilian government on Monday for the first time ever sent Congress a budget bill that forecasts a primary deficit and urged lawmakers to help fix a fiscal crisis that threatens the country's investment-grade rating. The deficit projection underscored Rousseff's need to find new sources of revenue as tax collection plummets and she...

  • BRASILIA, Aug 31- The Brazilian government on Monday revised its primary budget forecast for next year from a surplus to deficit, increasing pressure on a rebellious Congress to help shore up finances that threaten the country's investment-grade rating. Planning Minister Nelson Barbosa said the country can reverse a deficit "with measures that need to be...

  • SAO PAULO, Aug 31- Brazilian Vice President Michel Temer on Monday expressed profound concern over the government's budget forecast of a primary budget deficit next year, warning that such a shortfall could cost Brazil its s investment-grade credit rating. President Dilma Rousseff's government is to unveil the 2016 budget before Congress later on Monday.

  • BRASILIA, Aug 30- Brazilian President Dilma Rousseff will send Congress a 2016 budget with a primary deficit after she abandoned plans to reinstate an unpopular tax to raise revenues next year, Brazilian media reported on Sunday. Without additional revenues, government officials warned last week it would be impossible to meet a fiscal savings target of 0.7...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff...

  • BRASILIA, Aug 30- Renan Calheiros took an Air Force jet to get hair implants and was accused of letting a lobbyist pay child support to a journalist he had an affair and a child with. Either episode would have derailed many politicians but corruption allegations have not kept Calheiros, the 59- year-old president of Brazil's Senate, from making himself a go-to...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff abandoned...

  • CAMPOS DO JORDÃO, Brazil, Aug 29- Finance Minister Joaquim said on Saturday he now favors reviving an old tax on financial transactions to cope with Brazil's fiscal crunch in a slumping economy, and warned that without new taxation the country could face a crisis like Greece's. Many economists believe Brazil will not see signs of a recovery until well into 2016..

  • RIO DE JANEIRO— The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession. Like most Latin American nations, Brazil has been hurt by the plunge in commodity prices and the slowdown in China,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. "The drop in consumption shows the crisis of confidence the economy is facing," said Newton Rosa,...

  • SAO PAULO, Aug 28- Brazil's economy shrank 1.9 percent in the second quarter, sinking the country into a recession that has decimated the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal. The quarterly contraction, reported by government statistics agency IBGE on...

  • BRASILIA, Aug 27- Brazil's central government posted a primary budget deficit of 7.224 billion reais in July, the third straight monthly gap as the government struggles with plummeting revenues, according to Treasury data released on Thursday. The central government account covers federal ministries, the central bank and social security.

  • BRASILIA, Aug 26- Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances. Judges of the Federal Accounts Court, known as the TCU, decided on Wednesday to give Rousseff more time in a case that her opponents...

  • BRASILIA, Aug 26- Brazil's government is preparing a deal to allow construction companies implicated in a massive corruption scandal to do business again with state-run oil company Petrobras in exchange for the payment of fines and damages, a government official briefed on the matter said on Wednesday. Late last year, Petroleo Brasileiro froze payments to...

  • WASHINGTON, Aug 24- Brazil's Finance Minister Joaquim Levy on Monday dismissed speculation that he plans to quit following media reports of clashes with other cabinet ministers over austerity measures he is seeking to push through. Speaking at a press conference in Washington, Levy said members of President Dilma Rousseff's government were working...

  • BRASILIA, Aug 24- Brazil will sharply pare back the number of government ministries after years of expansion, the administration said on Monday, in a move to show wary markets President Dilma Rousseff's commitment to an unpopular austerity plan. The reduction of the cabinet posts could further complicate Rousseff's relations with political parties of her...

  • BRASILIA, Aug 24- Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff. Brazil's ruling Workers' Party has been criticized for bloating the size of government. The distribution of ministry jobs has been...

  • SAO PAULO, Aug 21- The vice president of Brazil's TSE electoral authority on Friday asked for an investigation of President Dilma Rousseff's 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petroleo Brasileiro SA. In a document sent to federal prosecutors and federal police,...

  • SAO PAULO— The speaker of Brazil's lower house of congress on Friday strongly denied newly filed charges of corruption and said he won't resign from office. Attorney General Rodrigo Janot filed the charges Thursday against Chamber of Deputies speaker Eduardo Cunha and former President Fernando Collor, who is now a senator. In a meeting with union leaders in...

  • BRASILIA, Aug 20- Germany and Brazil committed themselves on Thursday to a joint stance on climate change, putting the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December. She said Brazil is committed to reducing deforestation in the Amazon to zero by 2030.. Germany's Development Ministry will...