LatAm Daily | Brazilian government announces fiscal measures after the downgrade by S&P
Published on Tuesday, September 15, 2015
LatAm Daily | Brazilian government announces fiscal measures after the downgrade by S&P
The government announced yesterday a set of fiscal measures to try to pave the way for the attainment of the 0.7% of GDP primary surplus target in 2016. Although they go into the right direction, we are skeptical about its implementation, mainly because they are likely to be opposed by the Congress.
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