20.05.2010 - Brazil may pay revenues over 2010 fiscal target into sovereign fund
From Dow Jones: If Brazil hits its primary surplus target of 3.3% of gross domestic product in 2010, extra funds could be set aside in a type of sovereign fund, said Treasury Secretary Arno Augustin Wednesday. Speaking after a congressional committee meeting, he said that the government is monitoring the fiscal situation but strong tax revenues and the decision to cut the federal budget by 10 billion Brazilian reals ($5.4 billion) pointed to a steady rise in the surplus throughout the year............................................Full Article: Source
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