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Brazil: The dangers of the current proposals

Brazil: The dangers of the current proposals

The Government is responding to social demands, especially from the most needy sections of the Brazilian population and who have been severely affected by the pandemic.

It suggests extending emergency aid payments,.

In order to make this extraordinary expense possible, instead of reducing its own expenses the preference that has been shown by government leaders is to increase its deficit, by "exploding" the fiscal balance.

It is a super bad choice and we all know it too well.

It makes the country more vulnerable given the huge real deficit in its budget, discourages international investors from considering Brazil, allows us to predict the return of inflation and to worsen it, reduces expectations of economic growth.

Brazil is aiming for short-term populism instead of choosing the most difficult path but which would be much better for the country. This has always been the preferred way and the results, we know them too well.

Rafael Herzberg's picture

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