Itaú bank reduces Brazil’s primary deficit to 1.6% in 2023, but sees debt on a persistent trajectory

Itaú Unibanco revised its estimate for Brazil's primary deficit in 2023 from R$205 billion (1.9% of GDP) to R$170 billion (1.6% of GDP). The revision stems, according to the bank, from a slightly smaller impact than expected from the version enacted by Congress of the Proposed Amendment to the Constitution (