Weekly Report - 21 November 2006

BRAZIL: New fiscal package. Ministers of the economic team met President Lula da Silva on 14 November to discuss a "fiscal package" to boost economic growth. Eight measures to cut taxes and limit government spending are being considered to increase investment and boost economic growth to "5% or more" as from next year. A report from the Instituto de Pesquisas Econômicas Aplicadas, which is linked to the planning ministry, however, said that growth would stay stuck at 4% annually through 2010.

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