Record Revenue in January Contributes to a More Constructive Fiscal Scenario on the Margin
The record revenue in January has improved the fiscal outlook for the year. Following some conflicts between the Executive and Congress, the anticipation of spending on court-ordered payments should favor the reduction of political tensions. Still, in the political sphere, Finance Minister Fernando Haddad reiterated a positive outlook for 2024. In the external scenario, the FOMC minutes presented a more neutral tone compared to the FED press conference.
For more information, please check our Weekly Report 52.
