When Brazil revises its 2015 budget estimates Wednesday afternoon, the question investors will be asking is how much more spending can be cut without deepening an economic recession.
Tax revenue has dropped below government estimates this year as the economy slows amid austerity measures designed to mend the worst budget deficit on record, and rate increases intended to curb above-target inflation. With Finance Minister Joaquim Levy’s budget target looking increasingly unattainable, speculation has grown that the government will lower the goal.
Brazil Energy Insight 
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