#BRAZIL: Gov't Forecasts 'Dramatic' Increase In Deficit Spending For 2020-21

[world politics news]

Even if the Brazilian government monitors coronavirus spending this year, Bolsonaro's government predicts that public spending will increase dramatically in 2020. Thus, the government is predicting and even larger fiscal deficit in 2020 and 2021.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#CANADA: Ontario Premier Doug Ford Hopes To Balance Budget In Final Year Of Term Without "Slashing And Burning"

[world politics news]

Premier Doug Ford said his government "may" balance the province's budget in the final year of its four-year mandate. During the Ontario Progressive Conservative Party's policy convention in Toronto, he told media that eliminating the province's $14.5 billion deficit would take some time. "We're not going to go in there and start slashing and burning," he said. "We're going to do it responsibly. We will balance. It may be in year four, but we're going to balance."

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#CANADA: PM Trudeau Drops Campaign Promises To Not Run Deficits

[world politics news]

PM Justin Trudeau swept to power in part by promising to put an end to an era of fiscal consolidation the Liberals claimed was undermining Canada’s growth, which has been lackluster since the recession in 2009. But he's abandoning the promise not to run deficits in light of plunging oil prices, instead running them for the next three fiscal years.