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BRASILIA， Jan. 30 (Xinhua) -- Brazil registered the worst budget deficit in 20 years in 2016， amounting to 154.25 billion reals (49.44 million U.S. dollars) or 2.4 percent of the gross domestic product (GDP)， local media reported on Monday.


It is the third year in a row the government has registered a primary deficit amid a severe recession and resulting drop in tax revenues， and it is the worst deficit since records have been kept starting in 1997， the G1 news website reported， citing figures released by the National Treasury.


Still， last year's deficit falls within the parameters set by the government of President Michel Temer， and ratified by Congress， which set a ceiling of 170.5 billion reals (54.65 million dollars).


"The outcome was better than expected， as we brought about a deficit that came in under the target，" Finance Minister Henrique Meirelles told reporters.


In 2015， the budget deficit reached 114.9 billion reals (36.83 million in today's dollars).


You will find a lot of misconceptions concerning the supposed differences between nonprofit and for-profit businesses. This misunderstanding leads to a lack of work within the nonprofit sector http://www.torontomapleleafsteamstore.com/adidas-matt-martin-jersey , contempt from 1 world of the other and vice versa, and a deep-seated concept that the nonprofit globe is somehow not as good as the for-profit one. It’s essential to think about how these two are alike in order to change your views and assist you to see that they’re each very advantageous towards the globe and necessary.


Nonetheless a Company


Although nonprofits aren’t legally allowed to make profits that are not put back into the business so they are able to remain tax exempt, the truth is that both for-profit and nonprofit companies are actual businesses. They have lawyers, accountants, tax executives, board of directors, CEOs, as well as other upper-level executives that run the business effectively. The only difference in how the two operate is that nonprofits put their earnings and resources back into the company, whereas for-profits call it profit and do with it what they’ll. Both operate and work very hard to remain in company and afloat in a rocky economic climate.


Advancement Occurs


Another misconception about the differences between for-profits and nonprofits is the fact that nonprofits are mostly volunteers and those who do function for pay hardly ever get advanced. In other words, the misconception is the fact that nonprofits have no ladder to climb inside the organization. This really is also untrue, nevertheless. Just like for-profits, those who function difficult in nonprofit organizations have the chance for raises, bonuses, advantages and promotions upward into the organization. Actually, nonprofit workers have more stable employment opportunities since the majority of those hired were already volunteers in the organization. Advancement opportunities mean that workers have the opportunity to create a lifelong career out of nonprofit work, just as they could in the for-profit world.


Applying and Inquiring is Similar


Applying and inquiring about employment in the nonprofit globe is also very comparable to for-profit companies, in which you have to provide an application, resume, proof of citizenship, and have a stable address and phone number. The one large distinction within the two nevertheless is that nonprofits put a lot of stock into just how much an applicant has volunteered in their field at nonprofit organizations before hiring. Nonprofits are more most likely to employ a previous volunteer than a person fresh off the street. For-profits typically depend on education and the interview to employ their workers.


It’s essential to see that the nonprofit and for-profit worlds are not that far apart because it could benefit each if networking and cooperation increased between the two sectors. It’s also essential simply because people need to know that function is function, regardless with the kind of business they work for, and that nonprofit function could be just as fulfilling, if not much more so, than for-profit work. Hopefully seeing the number of similarities compared towards the couple of differences can help alter the perception that there’s a huge distinction.


Nonprofit Legal Center offers suggestions and helpful information for you to discover much more about how to start a 501c3 and 501c3 nonprofit organizations.

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