Whoever wins the run-off presidential election on October 28 will have to tackle the crisis in Brazil’s public finances quickly – or face a rapid deterioration. While investors buy into Brazil every time the former army captain, Jair Bolsonaro, the current frontrunner, consolidates his position, they appear to be ignoring the incoherence of his positions of liberalising the economy. Fernando Haddad, the candidate from the leftist Partido dos Trabalhadores (PT), meanwhile, believes that a more progressive shake-up of the tax system, and cracking down on the banks will somehow restore Brazil to fiscal health.End of preview - This article contains approximately 724 words.
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