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Weekly Report - 10 February 2011 (WR-11-06)
BRAZIL: Mantega sharpens his axe
Finance Minister Guido Mantega has his eye on the pet projects so
beloved of Brazil's federal deputies. Prior to approving the 2011 budget,
congress earmarked these projects a whopping R$21bn (US$13bn) via the so-called
emendas parlamentares. This effectively amounts to rampant pork-barrel
politics. President Dilma Rousseff is keen to clamp down on this now
well-entrenched practice, but she will have a major battle on her hands to see
it through. The trick for the new administration moving forward will be to pick its
battles carefully.
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