We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Fiscal follies

10 February 2011 By Martin Hutchinson

President Dilma Rousseff’s first budget plans up to 50 bln reais in trims but offers no cutbacks in state company spending or BNDES lending. In this inflationary boom, Brazil should run a real budget surplus. It’s a long way off that, storing up trouble for future rainy days.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)