Back

Brazil & Southern Cone - April 2016 (ISSN 1741-4431)

BRAZIL ECONOMY: The fiscal question

Officially, Brazil’s President Dilma Rousseff is being impeached for ‘creative accounting’ ahead of last year’s general elections, allegedly manipulating some state fund balances so as to report a ‘less bad’ fiscal position. According to the president’s supporters, these annual budget accounting manoeuvres have been done for years, and are common practice in treasuries all over the world. The president’s opponents, however, are using it as a formal legal avenue for her removal. The irony is that the Rousseff administration’s attempts to control the fiscal deficit – whether legitimately or behind the scenes – have been a complete failure; it is currently running at 11% of GDP.

End of preview - This article contains approximately 661 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.